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Exercise 6-9 Marigold Company purchased a machine at a price of $109,800 by signing a note payable, which requires a single payment of $137,733 in

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Exercise 6-9 Marigold Company purchased a machine at a price of $109,800 by signing a note payable, which requires a single payment of $137,733 in 2 years. iew factor tables Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to 0 decimal places, eg, 1396) Rate of interest Click if you would like to Show Work for this question: Open Show Work

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