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You borrow $34,000 for a new car. Your loan is for 4 years at a stated rate of 2.7%. What is the APR on this

You borrow $34,000 for a new car. Your loan is for 4 years at a stated rate of 2.7%. What is the APR on this loan if you make monthly payments and your upfront closing costs are $2,500?

A.

2.87%
B.

5.47%
C.

6.57%
D.

0.55%
E.

0.80%

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