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You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow 1,362
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow 1,362 and agree to pay back 1,654 in 2 years. What rate of interest is your uncle charging you? Provide answer as 3 decimals. 5.2% would be .052.
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