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Question Help (Annuity interest rate) You've been offered a loan of $50,000, which you will have to repay in 7 equal annual payments of $12,000,

Question Help (Annuity interest rate) You've been offered a loan of $50,000, which you will have to repay in 7 equal annual payments of $12,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is %%. (Round to two decimal places.)

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