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South Penn Trucking is financing a new truck with a loan of $32,408 to be repaid in 12 annual end-of-year installments of $4,629.71. What annual

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South Penn Trucking is financing a new truck with a loan of $32,408 to be repaid in 12 annual end-of-year installments of $4,629.71. What annual interest rate is the company paying? 09.45% 9.65% 9.25% 09.85% ( 10.05%

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