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| Question text: | Suppose you were buying a car and took out a loan for $10,000. You agree to pay off the loan in a year by paying $1,000 each month for 12 months.
What percent rate of interest do these payments imply? |
| Answer type: | Range |
| Label: | percent rate of interest |
| Empty allowed: | |
| Error allowed: | |
| Multiple instances: | No |