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You want to buy a car that costs $25,000 today. The dealer offers to finance this car with a down payment of 20% (of the

You want to buy a car that costs $25,000 today. The dealer offers to finance this car with a down payment of 20% (of the cost) and monthly installments of $479 for the next 60 months starting 1 month from today (from t = 1). Compute the Stated Annual Interest Rate that you are paying for this car.

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