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you want to buy a new sports coupe for $39750 and the finacne office at the dealrship has quoted you an 8.6% APR loan compounded

you want to buy a new sports coupe for $39750 and the finacne office at the dealrship has quoted you an 8.6% APR loan compounded monthly for 48 motnhs to buy the car. What is the effective interest

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