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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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