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Newman Taylor is settling a $18,280 loan due today by making 6 equal annual payments of $3,954.24. Click here to view factor tables Determine the

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Newman Taylor is settling a $18,280 loan due today by making 6 equal annual payments of $3,954.24. Click here to view factor tables Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to O decimal ploces, es. 8% Interest rate

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