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Como Company borrowed $5,200 from its bank. Como will repay $7,300 in five years What is the approximate interest rate that Como will incur on

Como Company borrowed $5,200 from its bank. Como will repay $7,300 in five years What is the approximate interest rate that Como will incur on this loan, assuming annual compounding? Use the future value of $1 table. A. 8% B. 9% C. 7% D. 29%

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