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20. Sultans Used Cars just sold you a clunker (you need it to get to class on time). You financed the $17,000 purchase price for

20. Sultans Used Cars just sold you a clunker (you need it to get to class on time). You financed the $17,000 purchase price for 48 months. They said your payment would be $290. What interest rate did they charge you (assume monthly compounding)?

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