Posted by **Emma** on Wednesday, January 18, 2012 at 8:02pm.

Vlad purchased some furniture for his apartment. The total cost was $ 2943.37. He paid $ 850 down and financed the rest for 18 months. At the end of the finance period .Vlad owed $ 2147.28 . What annual interest rate, compounded monthly , was he being charged ? Round your answer to two decimal places

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