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8 Wissler, Inc. owes $253,000 to the bank for some improvements made to its office building. The loan is for 60 months and the monthly

8 Wissler, Inc. owes $253,000 to the bank for some improvements made to its office building. The loan is for 60 months and the monthly payment is $5,345.79 What is the interest rate on the loan?

a 9.51 percent

b 9.76 percent

c 10.51 percent

d 10.26 percent

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