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Kingbird Company purchased a machine at a price of $96,100 by signing a note payable, which requires a single payment of $151,215 in 4 years.

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Kingbird Company purchased a machine at a price of $96,100 by signing a note payable, which requires a single payment of $151,215 in 4 years. Click here to view factor tables Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to decimal places, s. 13%) Rate of interest

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