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Business, 10.03.2020 01:24 teed0ll9

Cora is working to purchase a new truck that is currently listed for $30,600. She has been told that if she pays for the truck in cash, the price will be reduced to $26,000. If this is not possible, then the dealer will provide financing for $26,000. Under the terms of the financing, Cora will need to pay $6,512 at the end of each year for the next five years. If Cora makes the five annual payments, her interest rate will be .

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