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If you paid $28 to a loan company for the use of $1,301 for 92 days, what annual rate of interest did they charge? (Assume

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If you paid $28 to a loan company for the use of $1,301 for 92 days, what annual rate of interest did they charge? (Assume a 360-day year.) The annual rate of interest is 8.422 %. (Round to three decimal places.)

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