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What is my annual interest rate on my boat loan with the following terms? 3 6 months, $ 3 6 , 0 0 0 purchase,
What is my annual interest rate on my boat loan with the following terms? months, $ purchase, down payment, payment of $ each month.
Hint: Do not forget to convert to an annual rate.
Hint: Down payments are subtracted from the purchase amount when calculating the present value.
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