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OpenStudy (anonymous):
You borrow $2,500. You are to pay back the loan in 36 monthly payments of $79.50. What true annual interest are you paying to the nearest tenth of a percent?
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OpenStudy (anonymous):
OpenStudy (anonymous):
I'm not sure if this works but you should use the formula i = prt so then, i is the intrest rate, p is the principal, and t is the time in years. So, you have 36 years, and the money.
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