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A businessman wants to buy a truck. The dealer offers to sell the truck for either $110,000 now, or five yearly payments of $27,000. Which

A businessman wants to buy a truck. The dealer offers to sell the truck for either $110,000 now, or five yearly payments of $27,000. Which of the following is closest to the interest rate being offered by the dealer? A. 6.2% B. 7.2% C. 8.2% D. 10.2%

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