The Trust Worthy loan company is willing to lend you $10,000 today if you promise to repay

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The Trust Worthy loan company is willing to lend you $10,000 today if you promise to repay the loan in six monthly payments of $2,000 each, beginning today. What is the effective annual interest rate on Trust Worthy's loan terms?

Posted Date: Oct 25, 2021 10:15 PM

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The Trust Worthy loan company is willing to lend you $10,000 today if you promise to repay

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