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Annual Percentage Rate Table Terry took out a $3,500 add-on loan to buy a sound system for his band and wet repay it by making

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Annual Percentage Rate Table Terry took out a $3,500 add-on loan to buy a sound system for his band and wet repay it by making 48 payments of $97.29. Find the annual percentage rate (APR) for the loan using the APR table. Assume that all interest rates are annual rates. Click the icon to view the APR table. The APR is % (Round to the nearest percent as needed)

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