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A new car can be purchased by paying cash $43,500 now, or by the term offered by dealer as 36 equal monthly payment of $2,000
- A new car can be purchased by paying cash $43,500 now, or by the term offered by dealer as 36 equal monthly payment of $2,000 each month. What monthly interest rate implied by the dealer offer?
- 1%
- 2%
- 3%
- none of the above; the correct answer is ______
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