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Carol borrows $20,000 from the bank. For a five year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the
Carol borrows $20,000 from the bank. For a five year loan, the bank requires annual end-of-year payments of $4,878.05.
The annual interest rate on the loan is closest to _____ percent.
please leave the equation this question
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