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At www.daveramsey.com's Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is Pay off debt using the debt snowball. After graduating

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At www.daveramsey.com's Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is "Pay off debt using the debt snowball." After graduating from FPU, Courtney Lopez-Munoz is trying to calculate the effective interest rate she is paying for a $1,825 simple discount note at 64% for 17 months. What rate has she been paying? (Do not round intermediate calculations. Round your final answer to the nearest tenth percent.) Effective interest rate

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