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What is the yearly interest rate suggested by the Devil, and what did Tom end up charging? Remember, the text may refer to a monthly charge, so you should convert it to yearly. State how you arrived at
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What is the yearly interest rate suggested by the Devil, and what did Tom end up charging? Remember, the text may refer to a monthly charge, so you should convert it to yearly. State how you arrived at the figure- from the story “The Devil and Tom Walker”

User Laminatefish
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Answer:

The devil asks that Tom charge 2 percent per month but Tom suggests that he would be happy to charge 4 percent.

Step-by-step explanation:

User Sumit Agrawal
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