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(1 point) A payment of $19870.64 is made at the end of each year for 24 years to repay a loan of $150000. If the

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(1 point) A payment of $19870.64 is made at the end of each year for 24 years to repay a loan of $150000. If the borrower replaces the capital by means of a sinking fund earning 5% effective, find the effective rate aid to the lender on the loan

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