Question: Use the add-on method for determining interest on a loan of $2360, with an annual rate of 12% and a term of 4 years. Then

Use the add-on method for determining interest on a loan of

Use the add-on method for determining interest on a loan of $2360, with an annual rate of 12% and a term of 4 years. Then determine the annual interest rate during the last month of the loan During the last month of the loan, the annual interest rate is % (Type a whole number) Enter your answer in the answer box O Search 12/8/7

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