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PLEASE SLOVE THIS & SHOW THE WORK In order to start a new business, Miss Sue Me intends to borrow $50,000 from a local bank.

PLEASE SLOVE THIS & SHOW THE WORK

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In order to start a new business, Miss Sue Me intends to borrow $50,000 from a local bank. The loan contract requires her to repay the loan in five equal installments of $13, 870 at the end of each year. Calculate the annual interest rate on the loan

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