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15. Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $222.44 per month for 60 months. What is the

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15. Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $222.44 per month for 60 months. What is the annual interest rate? (hint: after calculating monthly rate, multiply the monthly rate by 12.) a. 3% b. 4% c. 5% d. 6% e. 7% f. 8% g. 9% h, 10% i. 12%

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