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Wissler, Inc. owes $ 2 8 3 , 0 0 0 to the bank for some improvements made to its office building. The loan is

Wissler, Inc. owes $283,000 to the bank for some improvements made to its office building. The loan is for 60 months and the monthly payment is $6,245.79 What is the interest rate on the loan?
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11.65 percentCorrect
12.40 percent
12.15 percent
11.40 percent

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