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You have two options o f paying for your new dishwasher: You can either make a single payment of $ 4 0 0 today, or

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You have two options o f paying for your new dishwasher: You can either make a single payment of $ 4 0 0 today, or you can pay $70 for the next b months, with the first payment made today. what is the effective annua l interest rate (EA1R) of tfre second option

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