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Problem 9-41 Yield [LO9-4] If you borrow $9,441 and are required to pay back the loan in five equal annual (Round your answer to the

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Problem 9-41 Yield [LO9-4] If you borrow $9,441 and are required to pay back the loan in five equal annual (Round your answer to the nearest whole percent.) installments of $2,750, what is the inter est rate associated with the loan? Use Appendix D or a financial calculator to solve this problem Interest rate

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