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Dave borrowed $1,000 on January 1, 2022. The bank charged him a $3.50 service charge, and interest was $79.00. If Dave paid the $1,000 in

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Dave borrowed $1,000 on January 1, 2022. The bank charged him a $3.50 service charge, and interest was $79.00. If Dave paid the $1,000 in 12 equal monthly payments, what was the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place

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