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DUMBA Bank has granted you a 7-year loan of $50,000. Your first of seven annual payments of $12,600 is due 1 year from today. What

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DUMBA Bank has granted you a 7-year loan of $50,000. Your first of seven annual payments of $12,600 is due 1 year from today. What rate of interest is DUMBA charging? 20.77% 25.2% 16.6% 14%

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