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Please show all work/steps. An industrial bank will loan you $7,500 for two years to buy miscellaneous equipment for your firm. The loan must be

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An industrial bank will loan you $7,500 for two years to buy miscellaneous equipment for your firm. The loan must be repaid in equal monthly payments. The amount of the monthly payments will be $349.56. What annual rate of interest is the bank chargine you

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