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You've been offered a loan of $ 2 5 comma 0 0 0 , which you will have to repay in 1 0 equal annual

You've been offered a loan of

25

comma

000,

which you will have to repay in

10

equal annual payments of

6

comma

000,

with the first payment due one year from now. What interest rate would you pay on that

loan?

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