Question: QUESTION 19 % There is an add-on loan with 36 monthly installments. The principal is $4,000, the stated interest rate is 6%. The APR on

QUESTION 19 % There is an add-on loan with 36 monthly installments. The principal is $4,000, the stated interest rate is 6%. The APR on this loan is (round to the first digit after the decimal.) 1

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