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Bonita plc purchased a machine at a price of 101,000 by signing a note payable, which requires a single payment of 141,898 in 3 years.
Bonita plc purchased a machine at a price of 101,000 by signing a note payable, which requires a single payment of 141,898 in 3 years. Click here to view factor tables Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 13\%.) Rate of interest %
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