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Roger has just lost a lawsuit and has agreed to make equal annual payments of $15,100 for the next 7 years with the first payment

Roger has just lost a lawsuit and has agreed to make equal annual payments of $15,100 for the next 7 years with the first payment due today. The value of this liability today is $86,000. What is the interest rate on the payments? Multiple Choice 5.16% 7.49% 5.44% 6.97% 6.32%

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