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Multiple Choice Question You borrow $ 1 8 , 0 0 0 for four years to buy a car. The APR is 8 percent. What

Multiple Choice Question
You borrow $18,000 for four years to buy a car. The APR is 8 percent. What rate should be used when you compute the monthly payment?
8.00 percent
0.17 percent
0.67 percent
2.00 percent
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