9 Your cousin Vinnie has agreed to lend you $3,000 to tide...
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Accounting
9 
Your cousin Vinnie has agreed to lend you $3,000 to tide you over for the semester. He has said that you can pay him back $500 a month for the next 4 years. What interest rate is Vinnie charging? (Show your work or calculator input. Give your answer to 2 decimal places. Show the unit of measure $s, pounds, etc.)
9
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