Solved: What annual interest rate did you pay, Basic Statistics

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What annual interest rate did you pay

Problem

To borrow money, you pawn your guitar. based on the value of the guitar. The pawnbroker loans you $1080. One month later, you get the guitar back by paying the pawn broker $1470. What annual Interest rate did you pay?

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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