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You borrow $75,000 and promise to pay back $162,892 at the end of 10 years. What is the annual interest rate? Select one: a. 10%

You borrow $75,000 and promise to pay back $162,892 at the end of 10 years. What is the annual interest rate?

Select one:

a. 10%

b. 8%

c. 9%

d. 12%

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