Problem
You are running a small prototype PCA and you need borrow money to buy a new pick and place assembly machine. Your bank offers to lend $100,000 for 10 years. You must pay $14.903 per year to pay off the loan what is your annual interest rate?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.