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You have arranged for a loan on your new car that will require the first payment today. The loan is for $35,000, and the monthly

You have arranged for a loan on your new car that will require the first payment today. The loan is for $35,000, and the monthly payments are $655.

If the loan will be paid off over the next 62 months, what is the APR of the loan?

APR

3.12selected answer incorrect

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