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A new sports coupe costs $55,620 and the car dealer's finance office has offered you a 36-month loan at an APR of 8.9%. What is

A new sports coupe costs $55,620 and the car dealer's finance office has offered you a 36-month loan at an APR of 8.9%. What is the EAR?

Do not round intermediate calculations. Round your answer to the nearest hundredth of a percent. Express your answer as a percent (e.g. "8.01" for 8.01%).

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