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Assume that you lend 13,270 to a small startup firm that promises to pay a fixed rate for 17 years with no anticipated liquidation. You
Assume that you lend 13,270 to a small startup firm that promises to pay a fixed rate for 17 years with no anticipated liquidation. You realize that if you move forward with this investment, you will reach 43,377 which is exactly what you need to buy a new car. What is the rate that the startup is offering.
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