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Fiona paid off a $60,000 debt in 40 months. She paid $3,000 per month. In addition, at the end of the first year (month 12)
Fiona paid off a $60,000 debt in 40 months. She paid $3,000 per month. In addition, at the end of the first year (month 12) she made an extra payment of $5,000. What monthly interest rate (im) was she charged? 3%
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