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7. Daniel Conover borrowed $2,800 from his father to purchase a mountain bike. Daniel paid back $3,800 to his father at the end of 5

7. Daniel Conover borrowed $2,800 from his father to purchase a mountain bike. Daniel paid back $3,800 to his father at the end of 5 years. What was the average annual compound rate of interest on Daniel's loan from his father? I/Y PV PMT FV

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