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Q4. (5 points) You want to buy a new pickup for $64,000, and the finance office at the dealership has quoted you an 7.8% APR

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Q4. (5 points) You want to buy a new pickup for $64,000, and the finance office at the dealership has quoted you an 7.8% APR loan for 3 years of monthly payments. What is the effective annual rate on this loan

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