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On July 17, 2021, Brian Urban borrowed $60,000 from his grandfather to open a clothing store. Starting July 17, 2022, Brian has to make

On July 17, 2021, Brian Urban borrowed $60,000 from his grandfather to open a clothing store. Starting July 17, 2022, Brian has to make 10 equal annual payments of $10,000 each to repay the loan. Use a financial calculator to determine what interest rate Brian is paying. (Round answer to 2 decimal places, e.g. 25.50%.) Interest rate %

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