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Dave borrowed $950 on January 1, 2006, and paid it all back at once on December 31, 2006. The bank charged him a $4.50 service

Dave borrowed $950 on January 1, 2006, and paid it all back at once on December 31, 2006. The bank charged him a $4.50 service charge and interest was $52.50. What was the APR?

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