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T Company is offering a new car for $27,000. The credit terms are 60 months at $700 per month. What is the interest rate on

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T Company is offering a new car for $27,000. The credit terms are 60 months at $700 per month. What is the interest rate on this offer? on O a. 1.58 percent O b. 1.75 percent O c. 2.97 percent O d. 2.75 percent O e. 2.05 percent

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