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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"

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  1. Today, 15:37
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    The devil asks that Tom charge 2 percent per month but Tom suggests that he would be happy to charge 4 percent.
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