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( Annuity interest rate ) You've been offered a loan of $ 3 0 , 0 0 0 , which you will have to repay

(Annuity interest rate) You've been offered a loan of $30,000, which you will have to repay in 5 equal annual payments of $10,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is %.(Round to two decimal places.)

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