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Dave borrowed $500 on January 1, 2022. The bank charged him a $5 service charge, and interest was $50. If Dave paid the $500

Dave borrowed $500 on January 1, 2022. The bank charged him a $5 service charge, and interest was $50. If Dave paid the $500 in 12 equal monthly payments, what was the APR? Note: Enter your answer as a percent rounded to 1 decimal place. Annual percentage rate %

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