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Jay bought a car for $26,000, the monthly payments are $500 for the next 60 months. What is the annual interest rate were he will

Jay bought a car for $26,000, the monthly payments are $500 for the next 60 months. What is the annual interest rate were he will be charged on the financing of the vehicle?

7.91 percent

6.55 percent

5.79 percent

4.82 percent

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