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Assuming that you can afford a car payment of $400 for 36 months, which of the following is closest to the annual interest rate you

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Assuming that you can afford a car payment of $400 for 36 months, which of the following is closest to the annual interest rate you would need on a loan to borrow $12,000 for a new car? C... O A 10.99 percent OB 12.99 percent OC 11.26 percent D. 12.25 percent

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