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b-1. If Jared can afford a car payment of $350 a month, what does the annual interest rate need to be in order to afford

b-1. If Jared can afford a car payment of $350 a month, what does the annual interest rate need to be in order to afford the AWD Jeep Wrangler, which costs $31,795, using a five-year auto loan with a $3,000 down payment? (Report in percentage.) Note: Round your answer to 2 decimal places

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