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Compute the specified quantity. A 2-year bond costs $10,000 and will pay a total of $3,600 in interest over its lifetime. What is its annual

Compute the specified quantity. A 2-year bond costs $10,000 and will pay a total of $3,600 in interest over its lifetime. What is its annual interest rate r? (Round your answer to three decimal places.)

r = ____%

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