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A 5-year bons costs $4,000 and will pay a total of $1,200 interest over its lifetime. What is the annual interest rate? a. 12% b.

A 5-year bons costs $4,000 and will pay a total of $1,200 interest over its lifetime. What is the annual interest rate?

a. 12%

b. 30%

c. 6%

d. 2%

e. 5%

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