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June purchases a $32,500 car. She has a monthly payment of $582.54 for 60 months. What is the interest rate? Select an answer: 1.25% 7.89%

image text in transcribedimage text in transcribed June purchases a $32,500 car. She has a monthly payment of $582.54 for 60 months. What is the interest rate? Select an answer: 1.25% 7.89% 2.90% 4.00% A child agrees to accept 100 gumdrops in one year from now, instead of 60 gumdrops today. Which annual interest rate is the child agreeing to? Select an answer: 66% 33% 100% 40%

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