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Tony Taylor is settling a $21,750 loan due today by making 6 equal annual payments of $5,290.16. Click here to view factor tables Determine the

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Tony Taylor is settling a $21,750 loan due today by making 6 equal annual payments of $5,290.16. 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 decimal places, es 8%.) Interest rate %

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