Question: If a $ 1 0 0 , 0 0 0 loan with a 1 0 percent stated interest rate is repaid as an installment loan

If a $100,000 loan with a 10 percent stated interest rate is repaid as an installment loan with monthly payments, the annual percentage rate would be
None of these
18.5%
16%
10%
If a $ 1 0 0 , 0 0 0 loan with a 1 0 percent

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