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6 of 10 -//4.5 View Policies Current Attempt in Progress Metlock Company purchased a machine at a price of $92,700 by signing a note payable,
6 of 10 -//4.5 View Policies Current Attempt in Progress Metlock Company purchased a machine at a price of $92,700 by signing a note payable, which requires a single payment of $136,207 in 5 years. Click here to view factor tables. Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 13%.) Rate of interest % eTextbook and Media Attempts: unlimited
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