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Your mother has applied for a car loan. The rate is calculated as the Prime Rate plus 450 basis points, adjusting monthly. Currently the Prime

Your mother has applied for a car loan. The rate is calculated as the Prime Rate plus 450 basis points, adjusting monthly. Currently the Prime Rate is 0.85%. What will her interest rate be the first month? 0.535% 113% 4.59% 5.35% 13.09

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