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Waterway Industries is purchasing new equipment with a cash cost of $215000 for the assembly line. The manufacturer has offered to accept $46500 payments at

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Waterway Industries is purchasing new equipment with a cash cost of $215000 for the assembly line. The manufacturer has offered to accept $46500 payments at the end of each of the next six years. What is the interest rate that Waterway Industries will be paying? O B%

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