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Question 6 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Newman Taylor is settling a $20,370 loan due today by

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Question 6 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Newman Taylor is settling a $20,370 loan due today by making 6 equal annual payments of $4,954,50. Click here to view factor tables Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to decimal places, eg. 8%) Interest rate

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