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(Annuity interest rate) You've been offered a loan of $50,000, which you will have to repay in 6 equal annual payments of $14,000, with

(Annuity interest rate) You've been offered a loan of $50,000, which you will have to repay in 6 equal annual payments of $14,000, 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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