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You take out an $8,000 loan that calls for 48 monthly payments of $240 each. The APR is - 19% - 21% - 23% -

You take out an $8,000 loan that calls for 48 monthly payments of $240 each. The APR is

- 19%

- 21%

- 23%

- 24%

and the EAR is

-18%

- 21%

- 25%

- 27%

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