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Roger has just lost a lawsuit and has agreed to make equal annual payments of $16,500 for the next 6 years with the first payment

Roger has just lost a lawsuit and has agreed to make equal annual payments of $16,500 for the next 6 years with the first payment due today. The value of this liability today is $82,000. What is the interest rate on the payments?

a.7.60%

b.5.36%

c.6.79%

d.5.66%

e.8.22%

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