If you borrow $8,599 and are required to pay back the loan in five equal annual installments
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If you borrow $8,599 and are required to pay back the loan in five equal annual installments of $2,750, what is the interest rate associated with the loan?
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Related Book For 
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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