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Edwardis considering purchasing a new car. The cash purchase price for the car is $75420. What is the annual interest rate ifEdwardis required to make

Edwardis considering purchasing a new car. The cash purchase price for the car is $75420. What is the annual interest rate ifEdwardis required to make annual payments of $18000at the end of the next five years?

5%.

6%.

7%.

8%.

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