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( Related to Checkpoint 5 . 6 ) ( Solving for i ) You lend a friend $ 1 5 , 0 0 0 ,

(Related to Checkpoint 5.6)(Solving for i) You lend a friend $15,000, for which your friend will repay you $56,963 at the end of 7 years. What interest rate are you charging your "friend"?
The interest rate you are charging your friend on the loan is %.(Round to the nearest whole percent.)
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