A radio commercial for a loan company states: "You only pay 27e a day for each $500 borrowed." If you borrow $1,836 for 232 days, what amount will you repay, and what annual interest rate is the company actually charging? (Assume a 360-day year) a. Amount you repay = $ (Round to two decimal places) b. Annual interest rate=% (Round to four decimal places)

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