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Recently, Serena Estes was interested in purchasing a Honda Acura. The salesperson indicited tha $27,200 cash or $6,800 at the end of each of 5

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Recently, Serena Estes was interested in purchasing a Honda Acura. The salesperson indicited tha $27,200 cash or $6,800 at the end of each of 5 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, es 7% ) Click here to view factor tables Recently, Serena Estes was interested in purchasing a Honda Acura. The salesperson indicited tha $27,200 cash or $6,800 at the end of each of 5 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, es 7% ) Click here to view factor tables

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