Question: Your uncle lends you $2.000 less $100 (Interest at 5 percent) and you receive $1, 900 The loan is for one year and will be

Your uncle lends you $2.000 less $100 (Interest at 5 percent) and you receive $1, 900 The loan is for one year and will be repaid in one lump sum at the end of the Use the APR formula to find the true annual percentage rate (Enter your answer a percent rounded to 3 decimal places.)

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