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You want to buy a 2020 Porsche 911. The basic model costs $99,400. You dont have enough money to buy the car, but your dad
You want to buy a 2020 Porsche 911. The basic model costs $99,400. You dont have enough money to buy the car, but your dad says that he will lend you the entire amount if you sign a note saying that you will pay him $115,000 in three years. What is the interest rate on this loan? Use the Principles of Spreadsheet Design to set up and solve this problem.
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