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Novak Company purchased a machine at a price of $ 9 6 , 2 0 0 by signing a note payable, which requires a single

Novak Company purchased a machine at a price of $96,200 by signing a note payable, which requires a single payment of $135,154 in 3 years. Assuming annual compounding of interest, what rate of interest is being paid on the loan?

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