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need answer (Annuity interest rate) You've been offered a loan of ( $ 25,000 ), which you will have to repay in 14 equal annual

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(Annuity interest rate) You've been offered a loan of \\( \\$ 25,000 \\), which you will have to repay in 14 equal annual payments of \\( \\$ 4,000 \\), with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is \\%. (Round to two decimal places.)

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