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You are getting married! Time to shop for a ring. The ring you want is priced at $9,000 with 0% financing for 60 months. OR,

You are getting married! Time to shop for a ring. The ring you want is priced at $9,000 with 0% financing for 60 months. OR, you can purchase the ring for $7,500 cash. What is the true cost of the 0% financing in percentage terms?

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