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Oakwood Plowing Company purchased two new plows for the upcoming winter. In 2 0 0 days, Oakwood must make a single payment of $ 2
Oakwood Plowing Company purchased two new plows for the upcoming winter. In days, Oakwood must make a single payment of $ to pay for the plows. As of today, Oakwood has $ Assume the Oakwood puts the money in a bank today, what rate of interest will it need to pay off the plows in days?
Note: Use days a year. Do not round intermediate calculations. Round your answer to the nearest tenth percent.
tableRate of Interest,
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