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A student borrowed $3,500 from the ABC Loan Company to buy a used car with an agreement to repay $1,500 at the end of each

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A student borrowed $3,500 from the ABC Loan Company to buy a used car with an agreement to repay $1,500 at the end of each of the first 2 years and $2,000 at the end of the third year. What rate of interest makes the receipts and disbursements equal to each other for this loan agreement? 41

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