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John Sullivan bought a used boat for 17,000$.He made a 2,500$ down payment.The bank offered him a 7% add on loan for 60 months.Calculate the

John Sullivan bought a used boat for 17,000$.He made a 2,500$ down payment.The bank offered him a 7% add on loan for 60 months.Calculate the APR of the loan to the nearest hundredths percent

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