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Carol Miller went to Europe and forgot to pay her $860 mortgage payment on her New Hampshire ski house. For her 77 days overdue on

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Carol Miller went to Europe and forgot to pay her $860 mortgage payment on her New Hampshire ski house. For her 77 days overdue on her payment, the bank charged her a penalty of $12. What was the rate of interest charged by the bank? Note: Use 360 days a year. Do not round your intermediate calculations. Round your answer to the nearest hundredth percent

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