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Mathematics, 12.07.2021 03:40 fatherbamboo

Suppose you borrow $1,000 for 5 years at an add-on interest rate of 6%, what is the approximate APR? Round answer to one decimal place.

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Suppose you borrow $1,000 for 5 years at an add-on interest rate of 6%, what is the approximate APR?...
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