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LEW Company purchased a machine at a price of $108,000 by signing a note payable, which requires a single payment of $233,163 in 10 years.

LEW Company purchased a machine at a price of $108,000 by signing a note payable, which requires a single payment of $233,163 in 10 years. Assuming annual compounding of interest, what rate of interest is being paid on the loan?

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