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Steve Taylor is settling a $19,080 loan due today by making 6 equal annual payments of $4,640.75. Click here to view factor tables. Determine the
Steve Taylor is settling a $19,080 loan due today by making 6 equal annual payments of $4,640.75. Click here to view factor tables. Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to 0 decimal places, e.g. 8\%.) Interest rate %
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