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A non-traditional lending source offers Megan a loan for $6,100. They require the loan to be repaid in 3 end-of-year payments of $2,800 each at
A non-traditional lending source offers Megan a loan for $6,100. They require the loan to be repaid in 3 end-of-year payments of $2,800 each at the end of years 1, 2, and 3. What interest rate is this non-traditional lending source charging Megan?
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