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What is the interest rate charged on the deal

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Reference no: EM132582011

Question 1: Jack sold goods worth $8,500 to one of his customer on credit. This customer is in financial difficulty and struck a deal to pay the money back with monthly installment of $770 at the end of each month for 12 months. What is the interest rate charged on this deal (APR)

Reference no: EM132582011

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