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Sly's Used Cars just sold you a clunker (you need it to get to class on time). You financed the $4,728.48 purchase price for 36
Sly's Used Cars just sold you a clunker (you need it to get to class on time). You financed the $4,728.48 purchase price for 36 months. They said your payment would be $250. What interest rate did they charge you (assume monthly compounding)? Show your work
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