Question: Jill borrows $12,000 and will repay it in 6 equal year-end repayments over 6 years. If the interest rate is 6.2% per annum compounded monthly,

Jill borrows $12,000 and will repay it in 6 equal year-end repayments over 6 years. If the interest rate is 6.2% per annum compounded monthly, Jills annual will be (rounded to nearest dollar; dont include the $ sign or commas):

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