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A businessman wants to buy a truck. The dealer offers to sell the truck for either $120,000 now, or eight yearly payments of $20,000. Which

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A businessman wants to buy a truck. The dealer offers to sell the truck for either $120,000 now, or eight yearly payments of $20,000. Which of the following is closest to the interest rate being offered by the dealer? A. 7.9% B. 9.9% OC. 5.9% OD. 6.9%

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