Question: Assuming monthly compounding, what is the highest rate you can afford on a 78-month APR loan? (Round your answer as directed, but do not use

Assuming monthly compounding, what is the highest rate you can afford on a 78-month APR loan? (Round your answer as directed, but do not use rounded numbers in intermediate calculations.Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

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