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You know that you'll inherit $25,000 in 19 years. If you borrow $3,000 now and plan to pay it off with the money you'll inherit,
You know that you'll inherit $25,000 in 19 years.
If you borrow $3,000 now and plan to pay it off with the money you'll inherit, what is the highest annual interest rate you can afford on the loan?
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