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Marty Not is going to borrow $5,800 for 60 days and pay $159 in interest. What is the annual rate of interest if the loan

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Marty Not is going to borrow $5,800 for 60 days and pay $159 in interest. What is the annual rate of interest if the loan is discounted? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) 7% Annual rate of interest

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