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8) Verizon offers you a new cell phone for free, but you must sign a two year agreement at $59.93 per month. Alternatively you can

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8) Verizon offers you a new cell phone for free, but you must sign a two year agreement at $59.93 per month. Alternatively you can purchase the phone outright for $442.84 and pay $37.12 per month for connenction and data. Verizon is charging you what annual interest rate to pay for the phone over the two year period

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