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LEW Company purchased a machine at a price of $105,000 by signing a note payable, which requires a single payment of $142,851 in 4 years.

LEW Company purchased a machine at a price of $105,000 by signing a note payable, which requires a single payment of $142,851 in 4 years. (Use the table below.) Assuming annual compounding of interest, what rate of interest is being paid on the loan?

Rate of interest %

could not get tables to paste

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