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Suppose you borrow $24,000 from your bank to buy a car. You agree to pay $463.25 per month for 60 months. What is the APR

Suppose you borrow $24,000 from your bank to buy a car. You agree to pay $463.25 per month for 60 months. What is the APR for the loan? 1) 7.85% 2) 7.28% 3) 6.23% 4) 5.93%

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