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Mathematics, 11.02.2022 17:40, Ancelingabaut
Phillippa took out a $860 discounted loan for a period of m months and the simple interest rate was 6%. the amount that was actually disbursed into her bank account was $838.50. calculate the effective interest rate of this loan, to the nearest 0.01%.
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Phillippa took out a $860 discounted loan for a period of m months and the simple interest rate was...
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