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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?

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The time value of money is the widely accepted idea that there is greater benefit to receiving a sum of money now rather than an identical sum later.


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?






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