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A college student purchased a used car for $4000. He paid 8% down and then paid 18 monthly payments of $216.79. Determine the APR of

A college student purchased a used car for $4000. He paid 8% down and then paid 18 monthly payments of $216.79. Determine the APR of the loan to the nearest one-half of a percent. Please solve using a calculator or basic math answer, no excel.

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