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If you borrow $17,000 as a 4-year loan from the bank and the bank requires you to make end-of-year payments of $5132.65, what is the
If you borrow $17,000 as a 4-year loan from the bank and the bank requires you to make end-of-year payments of $5132.65, what is the annual interest rate on this loan if interest is compounded annually? (Round to the nearest percent.) A. 8% B. 9% C. 7% D. 6%
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