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ABC Company borrowed $ 1 8 , 0 0 0 , 0 0 0 for a plant expansion and repaid the loan in seven annual

ABC Company borrowed $

18, 000, 000

for a plant expansion and repaid the loan in seven annual payments of $

3, 576, 420,

with the first payment made one year after the company received the money. What was the interest rate of the loan?

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