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using financial calculator You have just purchased a new iPad Pro for $1400 from the Apple Store. You must make 8 monthly $200 payments beginning

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using financial calculator

You have just purchased a new iPad Pro for $1400 from the Apple Store. You must make 8 monthly $200 payments beginning today. What is the interest rate that you will be paying the Apple Store expressed as an APR? A) 3.1% B) 4.0% C) 36.8% D) 48.1%

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