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Bill borrowed $100,000 today that he must repay in 15 annual end-of-year installments of $10,000. What annual interest rate is Bill paying on his loan?

Bill borrowed $100,000 today that he must repay in 15 annual end-of-year installments of $10,000. What annual interest rate is Bill paying on his loan? A 5.556% 3.333% 33.33% 2.222%

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