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If the outstanding balance on a loan is $127, 308 on January 1, 2019, and on the next interest compounding date, June 30, 2019, the
If the outstanding balance on a loan is $127, 308 on January 1, 2019, and on the next interest compounding date, June 30, 2019, the company records interest expense of $3,708, what is the ANNUAL interest rate being charged on this loan?
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