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2 A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 at the end of each month for the

2 A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 at the end of each month for the next 60 months. What is the monthly interest rate she is paying? What effective annual interest rate is she paying?

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