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You have been offered a car loan at an annual percentage rate (APR) of 8.5%. If your payments will be monthly, what is the actual

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You have been offered a car loan at an annual percentage rate (APR) of 8.5%. If your payments will be monthly, what is the actual interest rate you will pay every year? (Enter answer as percentage to at least three decimals, i.e., "10.254" for 10.254% or 0.10254 )

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