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    What Would Be the Interest Rate on a Loan of $39,927.10
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What Would Be the Interest Rate on a Loan of $39,927.10

Question 59

Question 59

Multiple Choice

What would be the interest rate on a loan of $39,927.10 that you paid off with annual payments of $10,000 for each of the next five years?


A) 8%
B) 10%
C) 15%
D) 21%
E) 26%

Correct Answer:

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