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Saved Dr. Painkiller is going to borrow $7,900 for one year at 12 percent interest. What is the annual rate of interest if the loan

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Saved Dr. Painkiller is going to borrow $7,900 for one year at 12 percent interest. What is the annual rate of interest if the loan is discounted? (Use 365 days in a year. Do not round intermediate calculation. Round the final answer to 2 decimal places.) Annual rate of interest % sarch

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