Question: Check my work 8 RKI Instruments borrowed $4,700,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide monitors. The company

Check my work 8 RKI Instruments borrowed $4,700,000 from a private

Check my work 8 RKI Instruments borrowed $4,700,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide monitors. The company repaid the loan after 1 year with a single payment of $5,275,000. What was the interest rate on the loan? 10 points The interest rate on the loan was | % per year. Skipped

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