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( Related to Checlppoint 5 . 6 ) ( Solving for i ) You lend a friend $ 1 0 , 0 0 0 ,
Related to Checlppoint Solving for You lend a friend $ for which your friend will repay you $ at the end of 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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