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Your uncle has offered you a simple interest loan of $325,000 to cover your college expenses. You will need to repay the loan in 8

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Your uncle has offered you a simple interest loan of $325,000 to cover your college expenses. You will need to repay the loan in 8 years and the rate of money you will have to return as a lump sum at the end of 8 years? Round your final answer to 2 decimal places

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