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Henry Taylor is settling a $19,420 loan due today by making 6 equal annual payments of $4.329.10. Click here to view factor tables. Determine the

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Henry Taylor is settling a $19,420 loan due today by making 6 equal annual payments of $4.329.10. Click here to view factor tables. Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to 0 decimol ploces, es. 89 \). Interest rate 3

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