math
posted by wilton .
Using the formula, compute the true annual interest rate.
Loan amount = $9,500
Monthly payments = $227.50
Time of loan contract = 5 years
True annual interest rate (to the nearest tenth

math (?) 
PsyDAG
What formula?
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Using the formula, compute the true annual interest rate. Loan amount = $9,500 Monthly payments = $227.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth) = _____.