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A loan shark offers $9,187.00 today in exchange for paying him $1,342.00 per year forever. What is the annual rate of interest on this loan?

A loan shark offers $9,187.00 today in exchange for paying him $1,342.00 per year forever. What is the annual rate of interest on this loan?

A.

INFINITY
B.

14.61%
C.

0.1461%
D.

6.8458%

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