You just borrowed $50,000 to buy a car. You will pay back this loan with monthly...
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You just borrowed $50,000 to buy a car. You will pay back this loan with monthly payments of $1,000 for 15 years. What is the APR on this loan? (in % terms to two decimal places) You just borrowed $50,000 to buy a car. You will pay back this loan with monthly payments of $1,000 for 15 years. What is the APR on this loan? (in % terms to two decimal places)
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