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You are late paying your cable bill again. It was due 1 0 days ago and you have been charged $ 3 4 . Your

You are late paying your cable bill again. It was due

10

days ago and you have been charged $

34 .

Your bill was $

172 .

What is the annual percentage rate

(

APR

) ?

Convert to a percent and round to

2

decimal places.

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