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Espa ol Donald Patterson purchased a jet ski for $ 5 2 5 0 , paying $ 1 0 0 0 down. The balance was

Espa

Donald Patterson purchased a jet ski for $

5250,

paying $

1000

down. The balance was financed for

24

equal monthly payments, and Donald agreed to pay a $

514

finance charge. Using the annual percentage rate

(

APR

) .

table, calculate the following.

(

Round all answers to the nearest hundredth.

)

1 q,

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