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    Your Father Loans You $12,000 to Make It Through Your
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Your Father Loans You $12,000 to Make It Through Your

Question 140

Question 140

Multiple Choice

Your father loans you $12,000 to make it through your senior year. His repayment schedule requires payments of $1401.95 at the end of year for the next 15 years. What interest rate is he charging you?


A) 7.5%
B) 8.0%
C) 8.5%
D) 7.0%

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