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solve (Annuity interest rate) You've been offered a loan of $30,000, which you wil have to repay in 10 equal annual payments of 30,000, with

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(Annuity interest rate) You've been offered a loan of $30,000, which you wil have to repay in 10 equal annual payments of 30,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is % (Round to two decimal places.)

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