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Your uncle lends you $4,400 less $220 (interest at 5 percent), and you receive $4,180. Use the APR formula to find the true annual percentage

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Your uncle lends you $4,400 less $220 (interest at 5 percent), and you receive $4,180. Use the APR formula to find the true annual percentage rate. Assume you repay the entire loan in one year. Note: Enter your answer as a percent rounded to 3 decimal places

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