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Mathematics, 17.02.2021 15:40 flixtier

OFFERING BRAINLIEST !! Using the formula, compute the true annual interest rate to the nearest tenth. $Interest (I) = \frac{2yc}{m(n+1)}$

Loan amount = $9,500
Monthly payments = $227.50
Time of loan contract = 5 years
Interest rate = _%

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