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u are up late one night television instead of studying for your finance final when an ad for a Bowflex machine comes on. The machine

u are up late one night television instead of studying for your finance final when an ad for a Bowflex machine comes on. The machine sells for $999 but Bowflex allows you to make monthly payments of just $30.00 per month for 4 years. What is the annual rate of interest that Bowflex charging? Answer with two decimal places

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