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5 Lewis and Clark Camping Supplies Inc is borrowing $67000 from Western State Bank. The...

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5 Lewis and Clark Camping Supplies Inc is borrowing $67000 from Western State Bank. The total interest is $21,600. The loan will be paid by making equal monthly payments for the next three years What is the effective rate of interest on this installment loan? (Input your answer as a percent rounded to 2 decimal places.) TS Effective rate of interest Book Hint

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