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Assume that you, as a financial institution, will give $60000 to the customer as a loan. The customer is able to pay the loan $1500

Assume that you, as a financial institution, will give $60000 to the customer as a loan. The customer is able to pay the loan $1500 at the beginning of every month for 10 years. What minimum interest rate should you charge to this loan condition per annum?

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