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Exercise 6-09 LEW Company purchased a machine at a price of $100,000 by signing a note payable, which requires a single payment of $123,210 in

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Exercise 6-09 LEW Company purchased a machine at a price of $100,000 by signing a note payable, which requires a single payment of $123,210 in 2 years. Click here to view factor tables Assuming annual compounding of Interest, what rate of interest is being paid on the loan? (Round answer to decimal places, c.9. 139.) Rate of interest Click if you would like to Show Work for this question: Open Show Work

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