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Albert takes out a loan of $30,000, and is required to pay back with a payment of $20,000 at the end of the second year,
Albert takes out a loan of $30,000, and is required to pay back with a payment of $20,000 at the end of the second year, and $11,000 at the end of the fourth year. Interest is payable quarterly. What is the nominal rate of interest charged on the loan
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