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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 $ 3 0 ,

You have arranged for a loan on your new car that will require the first payment today. The loan is for $30,000, and the monthly payments are $585. If the loan will be paid of over the next 60 months, what is the APR of the loan (approximately)?
23.40%
6.59%
13.16%
6.36%
13.66%
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