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Assume Harry would like to borrow money from Ron for 3 years but can only afford $50 annual loan payments. If Ron agrees to lend

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Assume Harry would like to borrow money from Ron for 3 years but can only afford $50 annual loan payments. If Ron agrees to lend money to Harry at an interest rate of 9%, how much money can Harry afford to borrow today? percent. (Round your response to two decimal places)

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