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asap Dr. Painkillet is going to borrow $4,900 for one year at 9 percent interest. What is the annual rate of interest if the loan
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Dr. Painkillet is going to borrow $4,900 for one year at 9 percent interest. What is the annual rate of interest if the loan is discounted? (Use 365 days in a yeor. Do not round intermediate calculotion. Round the final answer to 2 decimal places.) Annual rate of interest Step by Step Solution
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