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Rate of return : Chase bank agreed to lend you 50,000 for 10 years in return for 10 annual payments of 7,791( each payment is

Rate of return : Chase bank agreed to lend you 50,000 for 10 years in return for 10 annual payments of 7,791( each payment is due at the end of the year) what is the annual percent rate of interest being charged?

a. apprx 20% b.approx 16% c. approx. 9% d. 5.4%

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