College Math

a. Bank of Canada, 8.03% b. Bank of America, 8.03% c. Bank of Canada, 8% d. Bank of America, 8% Question 6: Diana takes a loan from a bank for $8500 on 1 st January 2013 and agrees to pay back $10,000 on 31 st July 2016. Calculate the annual percentage rate for the loan. a. 5.75% b. 4.64% c. 5.28% d. 3.67%

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