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(B) A steel factory bought a new equipment. The cash price of the equipment is $ 9,000 , putting down $ 3,800 and financing the

(B) A steel factory bought a new equipment. The cash price of the equipment is $ 9,000, putting down $ 3,800 and financing the remainder with 20 monthly payments of $ 288.50 each. Find the APR by table lookup.

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