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Brief Exercise 6-16 Zach Taylor is settling a $24,000 loan due today by making 6 equal annual payments of $5,837.41. (Use the table below.) Determine

Brief Exercise 6-16 Zach Taylor is settling a $24,000 loan due today by making 6 equal annual payments of $5,837.41. (Use the table below.) Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to 0 decimal places, e.g. 8%.) Interest rate %

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