What is the yearly interest rate being offered by the, Financial Management

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What is the yearly interest rate being offered by the

A businessman wants to buy a truck. The dealer offers to sell the truck for either $120,000 now, or 5 yearly payments of $31,462?, with the first payment one year after the purchase of the truck. What is the yearly interest rate being offered by the dealer? (to the? customer)?

____?%

?(Round your final answer to two decimal? places, i.e.,? XX.XX%.)

Please include how you got the answer.

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