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please show work interested in purchasing a Honda Acura. The salesperson indicated that the price of the 1. You are car was either $26,000 cash

please show work

interested in purchasing a Honda Acura. The salesperson indicated that the price of the 1. You are car was either $26,000 cash or $5,500 at the end of each of 6 years. Compute the effective-interest rate to the nearest percent that you will pay if you choose to make the six annual payments. (Round answer to 0 decimal places, e.g. 7%.) Interest Rate Answerl

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