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Papa Joe's Pizza purchased a used pizza oven for $10,000. The company makes a down payment of $1500 and agrees to 36 monthly payments of

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Papa Joe's Pizza purchased a used pizza oven for $10,000. The company makes a down payment of $1500 and agrees to 36 monthly payments of 5280 per month. What effective annual interest rate is Papa Joe's Pizza charged? How much of the loan principal was paid off after the third payment? T T T Arial 3 (12) T- G / 3

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