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You borrowed $10,000 and six months later you repaid the lender $11,200. Your payment included principal and interest. What was the annual interest rate
You borrowed $10,000 and six months later you repaid the lender $11,200. Your payment included principal and interest. What was the annual interest rate on the loan? (Do not include the % sign in your answer.) Add your answer
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
