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Jackson just financed a used car through his credit union. His loan requires payments of $ 2 7 5 a month for five years. Assuming

Jackson just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that all payments are paid on time, his last payment will pay off the loan in full. What is the interest rate per month on Jackson's loan knowing the original balance was $15,000?
A..318%
B.3.72%
C.42%
D.3.88%
E.-48.43%
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