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Vaughn Manufacturing is purchasing new equipment with a cash cost of $184700 for the assembly line. The manufacturer has offered to accept $44900 payments at

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Vaughn Manufacturing is purchasing new equipment with a cash cost of $184700 for the assembly line. The manufacturer has offered to accept $44900 payments at the end of each of the next six years. What is the interest rate that Vaughn Manufacturing will be paying? 11%. 10%. 13%. 12%

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