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Help Save & E You are considering buying a new big screen TV from the BIG Electronics Co. BIG has offered to finance your purchase

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Help Save & E You are considering buying a new big screen TV from the BIG Electronics Co. BIG has offered to finance your purchase by extending credit to you. The terms of the credit are 12 easy monthly payments of $95. If you choose to finance this purchase, rather than pay the cash price of $850, what would your annual interest on this loan be? Multiple Choice 34.12% 57.99% 74.56% 20.63% o . a

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