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Recently, you needed money and agreed to sell a car you had inherited at a...

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Finance

Recently, you needed money and agreed to sell a car you had inherited at a price of $55,000, to be paid in monthly payments of $1,500 for 42 months. What interest rate did you charge for financing the sale?

7.78 percent

7.25 percent

6.84 percent

8.33 percent

6.50 percent

Answer & Explanation Solved by verified expert
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