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If you paid $31 to a loan company for the use of $1,378 for 103 days, what annual rate of interest did they charge? (Assume

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If you paid $31 to a loan company for the use of $1,378 for 103 days, what annual rate of interest did they charge? (Assume a 360-day year.) IEEE The annual rate of interest is %. (Round to three decimal places.) Ed: ore

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