Find the APR (true annual interest rate), to the nearest half percent, for the following loan. Use the Annual Percentage Rate table if necessary.
Amount Financed = $9800Finance Charge = $2230Number of Monthly Payments = 60
A. 7.5%
B. 8.5%
C. 8.0%
D. 7.0%
Answer: B
Mathematics
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A. x = 
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.
A. 
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