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5. Carol borrows $20,000 from the bank. For a ve year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on

5. Carol borrows $20,000 from the bank. For a ve year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the loan is %. A. 7 B. 8 C. 9 D. 6

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