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Do not copy from Chegg or else I will report. I need a full explanation. Question: To repay a $2,000 loan from your bank, you

image text in transcribed Do not copy from Chegg or else I will report. I need a full explanation.

Question: To repay a $2,000 loan from your bank, you promise to make equal payments every six months for the next five years totaling $3,116.20. What annual rate of interest will you be paying

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