You are running a small prototype pca and you need borrow, Finance Basics

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You are running a small prototype pca and you need borrow

Question: 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?

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Finance Basics: You are running a small prototype pca and you need borrow

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Finance Basics: You are running a small prototype pca and you need borrow

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