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Suppose you borrow from a bank $2,464.26 today (t=0). You agree to pay back $4,205.28 in 3 years (t=3). The interest rate (%) that the

Suppose you borrow from a bank $2,464.26 today (t=0). You agree to pay back $4,205.28 in 3 years (t=3). The interest rate (%) that the bank charge you is closest to ________%.

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