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Moulton Motors is advertising the following deal on a new Honda Civic: Monthly Payments of $ 4 0 0 . 4 0 for the next

Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly Payments of $400.40 for the next 60 months and this beauty can be yours!" The sticker price of the car is $18,000. If you bought the car, what is the EAR for this loan?
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