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Monthly interest rate for a car loan is 1,2%. To organize a promotion the car dealer will pay the bank %5 as commission for each

Monthly interest rate for a car loan is 1,2%. To organize a promotion the car dealer will pay the bank %5 as commission for each car loan to be used to purchase the car from that specific dealer. What will be the interest rate under this condition?

answer may be 0,39 %

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