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You just bought a new pasteurizer for your cheese making factory for $20,000. You agree to pay for it in two installments: pay $5,000 six

You just bought a new pasteurizer for your cheese making factory for $20,000. You agree to pay for it in two installments: pay $5,000 six months from now and $17,000 eighteen months from now. You are curious what the interest rate is but it's not stated in the agreement. What SIMPLE interest rate are you paying? Use 18 months from now as the focal date

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