Use an annual percentage rate table to solve the problem.A student has a total of $2000 in student loans that will be paid with a  installment loan with monthly payments of $49.30. Determine the APR of the loan to the nearest  of a percent.

A. 8.5%
B. 8.0%
C. 7.5%
D. 9.5%


Answer: A

Mathematics

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Mathematics