According to a website of an installment lender borrowers, Business Economics

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According to a website of an installment lender borrowers

According to a website of an installment lender, borrowers in California could be eligible to receive a loan of $2600 and pay back by making fixed monthly payments of $767.96 for nine months.

Calculate the yield to maturity of this loan. Answer in percent and round to two decimal places.

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Business Economics: According to a website of an installment lender borrowers

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Business Economics: According to a website of an installment lender borrowers

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