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You are financing $40,000 of a vehicle purchase. The loan is for six years and the amount of your monthly payment is $648.85. What is
You are financing $40,000 of a vehicle purchase. The loan is for six years and the amount of your monthly payment is $648.85. What is the annual percentage rate (APR) associated with this loan? Record the answer in accordance with our class protocol for reporting percentages.
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