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The Golden Gate Bridge in San Francisco was financed with construction bonds sold for $36 million in 1931. These were 40-year bonds, and the $36

The Golden Gate Bridge in San Francisco was financed with construction bonds sold for $36 million in 1931. These were 40-year bonds, and the $36 million principal plus almost $40 million in interest were repaid in total in 1971. If interest was repaid as a lump sum, what interest rate was paid on the construction bonds?

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