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You just borrowed $50,000 to buy a car. You will pay back this loan with monthly payments of $1,610 for 4 years. What is the

You just borrowed $50,000 to buy a car. You will pay back this loan with monthly payments of $1,610 for 4 years. What is the APR (annual percentage rate) on this loan? (Enter the answer in percentage format to two decimal places without the % sign -> 9.32 and not 9.32% or .0932 )

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