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The company has previous debt that includes a $3,000,000 (4% interest) and $2,000,000 (5% interest). What is the weighted-average interest on these other loans? Optional

The company has previous debt that includes a $3,000,000 (4% interest) and $2,000,000 (5% interest). What is the weighted-average interest on these other loans? Optional Answers: 1. 1.00% 2. 4.40% 3. 4.50% 4. 9.00%

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