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Question 4 (1 point) Erik paid interest charges of $158.20 on a $5,225 invoice that was two months overdue. What annual rate of simple interest

Question 4 (1 point) Erik paid interest charges of $158.20 on a $5,225 invoice that was two months overdue. What annual rate of simple interest was he charged? Express your answer as a percentage rounded to two decimals. Your

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