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On this date last year, you borrowed $4,250. You have to repay the loan with a lump sum payment of $6,500 six years from now.

On this date last year, you borrowed $4,250. You have to repay the loan with a lump sum payment of $6,500 six years from now. What is the interest rate? 6.01% 6.35% 6.78% 5.47% None of these answers are correct

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