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(b) * Your answer is incorrect. Try again. Riverbed Inc. has completed the purchase of new Dell computers. The fair value of the equipment is

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(b) * Your answer is incorrect. Try again. Riverbed Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $857,116. The purchase agreement specifies an immediate down payment of $208,000 and semiannual payments of $80,030 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? X Interest rate % semiannually LINK TO TEXT LINK TO TEXT LINK TO TEXT

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