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of 24 re Debeers company purchased a machine at a price of $100,000 by signing a non- interest bearing note which requires a single payment

of 24 re Debeers company purchased a machine at a price of $100,000 by signing a non- interest bearing note which requires a single payment of $118,810 in 2 years. Assuming annual compounding of interest, what rate of interest is being paid on the loan? Oa. 0% Ob. 9% c. 11% Od 19% Marks

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