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I just need explanation

Car insurance fee is $1200 a year if you pay all before the start date. You also can pay monthly, $105 a month. Compared with yearly pay, about how many per cent of yearly rate do you pay more?

My father thought of the question when he was buying car insurance. I insisted the answer was 5%, but my father thought otherwise, and refused to tell me more.

Note by David Deng
10 months, 1 week ago

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