Question: Fees Compute the specified quantity, You take out a 2 year, $5,000 loan at simple annual interest. The lender charges you a $200 fee. Thinking

Fees Compute the specified quantity, You take out a 2 year, $5,000 loan at simple annual interest. The lender charges you a $200 fee. Thinking of the fee as additional interest, what is the actual annual interest rate you will pay

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