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Jacqueline took out a cash advance of $1780 from Chandran's City Pawn. The loan (cash advance) will be paid off over the next 5 years
Jacqueline took out a cash advance of $1780 from Chandran's City Pawn. The loan (cash advance) will be paid off over the next 5 years by payments of $35.56 made monthly at the beginning of each payment Period. What nominal interest rate, compounded monthly, is Jacqueline being charged?
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