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(B) A Cement factory in KSA bought a new equipment. The cash price of the equipment is $ 45,000, putting down $ 12,000 and financing

(B) A Cement factory in KSA bought a new equipment. The cash price of the equipment is $ 45,000, putting down $ 12,000 and financing the remainder with 32 monthly payments of $ 1,190 each. Find the APR by table lookup

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