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What is the interest percent rate

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Reference no: EM132851032

You plan to purchase items for $4000 and will finance the cost with a fixed installment loan. The seller tells you that you will have to pay $100 per month for 48 months

(a) How much money will you pay for interest (ie the finance charge)

(b) What is the interest percent rate?

Reference no: EM132851032

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