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You want to buy a new sports coupe for $96,069, and the finance office at the dealership has quoted you a 5.4percent APR loan for

You want to buy a new sports coupe for $96,069, and the finance office at the dealership has quoted you a 5.4percent APR loan for 77months to buy the car.What is the effective annual rate on this loan? (round 2 decimal places)

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