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Posted on Oct 04, 2024

Your roommate offers to lend you $ 5 0 0 today in exchange for two monthly payments of $ 2 7 5 first payment due

Your roommate offers to lend you $

500

today in exchange for two monthly payments of $

275

first payment due in one month.

The APR on offer is closest to:

Group of answer choices

80 %

6.60 %

18 %

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