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Charles Tylers VISA balance is $1,025.78. He may pay it off in 12 equal end-of-month payments of $100 each. What interest rate is Charles paying?

Charles Tylers VISA balance is $1,025.78. He may pay it off in 12 equal end-of-month payments of $100 each. What interest rate is Charles paying? (Round answer to 1 decimal place, e.g. 8.5%.)

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