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You have borrowed $1434 from your parents. You will pay them back what your borrowed plus $429 in 2 years. What is the implied interest

You have borrowed $1434 from your parents. You will pay them back what your borrowed plus $429 in 2 years. What is the implied interest rate? Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places. 


-You are buying a car and will borrow $35621 with a 5-year loan. The interest rate is 3.03%, what is your monthly payment? Enter only numbers and decimals in your response. Round to 2 decimal places.

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