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Carter's Construction bought a high-powered vehicle priced at $150,000 by signing a notes payable. The note demands one payment of $278,290 in 3 years. The
Carter's Construction bought a high-powered vehicle priced at $150,000 by signing a notes payable. The note demands one payment of $278,290 in 3 years. The interest is compounded semi-annually, what is the annual interest rate that is paid on this loan?
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