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Find the Annual Percentage Rate Using the Table

question 53

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Find the annual percentage rate using the table.
Find the annual percentage rate using the table.   -A bicycle is purchased for $940 and financed for 12 months. If the total finance charge is $64.39, find the annual percentage rate. A)  12.25% B)  12.00% C)  12.50% D)  12.75%
-A bicycle is purchased for $940 and financed for 12 months. If the total finance charge is $64.39, find the annual percentage rate.


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