A local rent to own company has a 55" TV special where you can own...
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A local rent to own company has a 55" TV special where you can own a new TV by making payments of only $60 per month for 24 months. The TV has a retail price of $600 at Best Buy. What is the annual EFFECTIVE rate of interest that you would be paying if you decided to agree to make the 24 monthly payments?
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