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S&S Furniture is offering a bedroom suite for $3,200. The credit terms are 60 months at $55 per month. What is the interest rate on

S&S Furniture is offering a bedroom suite for $3,200. The credit terms are 60 months at $55 per month. What is the interest rate on this offer?

The present value of annuity 1.22 percent 1.50 percent 1.65 percent 1.15 percent 1.30 percent

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