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

At www.daveramsey.coms 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 $2,029 simple discount note at 514 % for 18 months. What rate has she been paying?

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