Question: A 5 - year $ 8 0 , 0 0 0 consumer loan is to be paid off with monthly payments of $ 1 ,

A 5-year $80,000 consumer loan is to be paid off with monthly payments of $1,779.56. What monthly interest rate is to be paid? a)1.0% b)1.5% c)2.0% d)2.2%

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