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1 point) A stove is worth $1700. You can pay $1700 on the date of purchase or $1700 plus an administration fee of $55 6

1 point) A stove is worth $1700. You can pay $1700 on the date of purchase or $1700 plus an administration fee of $55 6 months from the purchase date. What is the implied simple interest rate? Answer: %

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