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A broadband service company borrowed $ 2 million for new equipment and repaid the loan in amounts of $ 2 0 1 , 0 0

A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of $201,000 in years 1 and 2
plus a lump sum amount of $1.90 million at the end of year 3. What was the interest rate on the loan? (Round the final answer to three
decimal places.)
The rate of interest on the loan was
%.
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