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3) A 20 year loan of $10,000 is repaid with annual payments of $750 at the beginning f each year. The effective annual interest rate

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3) A 20 year loan of $10,000 is repaid with annual payments of $750 at the beginning f each year. The effective annual interest rate is i = .04 for the first ten years. Find the -ffective annual interest rate for the last ten years

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