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Roger has just lost a lawsuit and has agreed to make equal annual payments of $12,000 for the next 10 years with the first payment

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Roger has just lost a lawsuit and has agreed to make equal annual payments of $12,000 for the next 10 years with the first payment due today. The value of this liability today is $96,000. What is the interest rate on the payments? Multiple Choice 4.72% O 4.28% O O 5.07% 5.34% O O O 4.10%

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