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Stan Slickum has a used car that can be bought for $8,500 cash or for a $2,000 down payment and $820 per month for 10

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Stan Slickum has a used car that can be bought for $8,500 cash or for a $2,000 down payment and $820 per month for 10 months. What is the effective annual interest rate on the monthly payment plan? %. (Round to one decimal place.) The effective annual interest rate is

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