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Question - Hadley's tuition for the coming school year is due today. He borrows $10,000 from his uncle and agree to repay $12,500, three years from today. What is the interest rate of this loan?
a. 5.51%
b. 6.67%
c. 7.72%
d. 8.06%
e. 7.46%
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Compile the final consultancy report, and submit to your Faculty Member based on the Final Project Guidelines and review the Final Project guidelines by clicking on Final Project on the Module Menu.
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