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Your uncle the banker offers to lend you $27,000 to start a new business. You will have to make a payment of $7,000 at the
Your uncle the banker offers to lend you $27,000 to start a new business. You will have to make a payment of $7,000 at the end of each of the next 3 years plus a final payment of $10,000 at the end of Year 4. What annual interest rate is built into this loan? O 3.37% O 6.13% O 4.46% O 3.01% O 5.44%
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