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To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $840. One month later, you get the

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To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $840. One month later, you get the guitar back by paying the pawnbroker $1272. What annual interest rate did you pay? You will pay a simple interest rate of 5% (Round to the nearest whole number as needed.)

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