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Loan C has the same principal amount, periodic payment amount, and maturity date as Loan D . However, Loan C is structured as an annuity

Loan C has the same principal amount, periodic payment amount, and maturity date as Loan D

.

However, Loan C is structured as an annuity due, while Loan D is structured as an ordinary annuity. Loan C

'

s interest rate is:

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