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Whats the interest rate on a 10-year $8,000 loan that requires fixed annual payments of $1,000? Multiple Choice 5.1% 4.3% 4.6% 4.7%

Whats the interest rate on a 10-year $8,000 loan that requires fixed annual payments of $1,000?

Multiple Choice 5.1% 4.3% 4.6% 4.7%

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