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If you paid $73 to a loan company for the use of $1,578 for 40 days, what annual rate of interest did they charge? (Assume

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If you paid $73 to a loan company for the use of $1,578 for 40 days, what annual rate of interest did they charge? (Assume a 360-day year.) The annual rate of interest is %. (Round to three decimal places.) Instructor Tip - X

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