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I need help with this question P2) A student bought a ( $ 80 ) used guitar and agreed to pay for it with a

I need help with this question P2) A student bought a $ \$ 80 $ used guitar and agreed to pay for it with a single $ \$ 88 $ payment at the end of 3 months. Whis 5 is the nominal annual interest rate? What is the effective inte 2 answers

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