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If you borrow $21,000 as a 7-year loan from the bank and the bank requires you to make end-of-year payments of $3761.84, what is the

If you borrow $21,000 as a 7-year loan from the bank and the bank requires you to make end-of-year payments of $3761.84, what is the annual interest rate on this loan if interest is compounded annually?

A 5%

B 6%

C 3%

D 7%

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