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Mimi makes a payment of $3,100 a year on her car.At the end of 10 years, she's paid off her initial $20,000 loan.What was her
Mimi makes a payment of $3,100 a year on her car.At the end of 10 years, she's paid off her initial $20,000 loan.What was her approximate interest rate?
Group of answer choices
6.10%
8.88%
7.73%
7.94%
20.56%
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