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Sparty has just loaned you $1000 to cover some personal expenses. He wants you to pay him back by making payments over the next ycar

Sparty has just loaned you $1000 to cover some personal expenses. He wants you to pay him back by making payments over the next ycar (t2 payments of $88.95 per nonth whar the annual rate of interest Sparty is charging you? Mutiple Choice 6%

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