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Joanne and Walker borrow $14568.50 for a new car before they moved to Stepford Connecticut. They are required to repay the amortized loan with four
Joanne and Walker borrow $14568.50 for a new car before they moved to Stepford Connecticut. They are required to repay the amortized loan with four annual payments of $5000/- each. What is the interest rate on their loan?
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