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Question 18 Recently, Serena Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $27,300 cash

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Question 18 Recently, Serena Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $27,300 cash or $7,000 at the end of each of S years. Compute the effective-interest rate to the nearest percent that Serena would pay if she chooses to make the five annual payments. (Round answer to 0 decimal places, eg. 7%.) Click here to view factor tables Interest rate

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