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1 point) (Exercise 5.23) A payment of $18533.76 is made at the end of each year for 26 years to repay a loan of $130000.

image text in transcribed 1 point) (Exercise 5.23) A payment of $18533.76 is made at the end of each year for 26 years to repay a loan of $130000. If the borrower replaces the capital by means of a sinking fund earning 4% ffective, find the effective rate paid to the lender on the loan. ANSWER = %

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