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QUESTION 1 You recently purchased a new car at a price of $48,000. You financed the car costs and need to pay $800 at the

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QUESTION 1 You recently purchased a new car at a price of $48,000. You financed the car costs and need to pay $800 at the end of each month for 72 months to your bank. What interest rate did the bank document show for financing the car? 7.05% B.7.88 % C.6.20 D.9.49

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