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FINAL ANSWER NEEDED ASAP A furniture store has an ad for a sofa set priced at $3700. The customer is offered the choice of making

image text in transcribedFINAL ANSWER NEEDED ASAP

"A furniture store has an ad for a sofa set priced at $3700. The customer is offered the choice of making $164.97 end of month payments for two years. What is the implied interest rate the customer is being charged expressed with monthly compounding? Enter your answer as a percentage to 2 decimal places, but do not enter the % sign

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