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James wanna buy a car which value is $120,000 . loan terms are 48 months, monthly payment is $2118. On December 9, 2016, James made initial payment...

James wanna buy a car which value is $120,000 . loan terms are 48 months, monthly payment is $2118. On December 9, 2016, James made initial payment of $2118. on November 9, 2020, James made payment of $40000 to acquire the vehicle. how could i know the annual rate?

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