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If you borrow $26,000 with monthly payments of $550 over 5 years, what annual rate are you paying? A. 8.18% B. 8.41% C. 9.81% D.

If you borrow $26,000 with monthly payments of $550 over 5 years, what annual rate are you paying?

A. 8.18% B.

8.41%

C. 9.81%

D. 8.51%

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