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Posted on Oct 06, 2024

You have purchased a Dodge Charger for $ 5 , 0 0 0 and are paying $ 1 0 0 per week for 7 5

You have purchased a Dodge Charger for $

5, 000

and are paying $

100

per week for

75

weeks to pay off the car. What effective annual rate of interest are you paying?

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