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you are financing joes new $20000 car. joe promised to pay you $500 a month for the next 4 years. use RATE function to compute

you are financing joes new $20000 car. joe promised to pay you $500 a month for the next 4 years. use RATE function to compute the monthly interest rate he is offering. confirm answer by using IRR function.what is the annual interest rate?

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