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#16 If you borrow $26,000 with monthly payments of $650 over 4 years, what annual rate are you paying? A. 7.99% B. 7.71 C. 9.24%

#16 If you borrow $26,000 with monthly payments of $650 over 4 years, what annual rate are you paying?

A. 7.99%

B. 7.71

C. 9.24%

D. 11.18%

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