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Posted on Sep 20, 2024

Sparty loaned you $ 3 0 0 to buy tickets to last night's basketball game. He expects you to pay him back with monthly payments

Sparty loaned you $

300

to buy tickets to last night's basketball game. He expects you to pay him back with monthly payments of $

26.24

over the next year.

What is the annual rate of interest he is charging you?

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