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Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $4,000 installment

Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $4,000 installment loan to be repaid in 60 monthly installments of $89.05? Round the answer to 4 decimal places. ______% per month

What is the APR on this loan? Round the answer to 2 decimal places. ________%

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