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On July 17, 2021. David Davis borrowed $75,000 from his grandfather to open a clothing store. Starting July 17, 2022, David han to make 10

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On July 17, 2021. David Davis borrowed $75,000 from his grandfather to open a clothing store. Starting July 17, 2022, David han to make 10 equal annual payments of $11,000 each to repay the loan. Use a financial calculator to determine what interest rate Davidis paying (Round answer to 2 decimal places, es 25,50%) Interest rate %

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