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Problem 5-6 (LO5.4) Joshua borrowed $800 on January 1, 2014, and paid $40 in interest....

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Problem 5-6 (LO5.4) Joshua borrowed $800 on January 1, 2014, and paid $40 in interest. The bank charged him a service charge of $7. He paid it all back at once on December 31, 2014. What was the APR? (Enter your answer as a percent rounded to 1 decimal place.) APR

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