Question: Current Attempt in Progress Morgan Taylor is settling a $19,420 loan due today by making b equal annual payments of $4,329.10. Click here to view

Current Attempt in Progress Morgan Taylor is settling a $19,420 loan

Current Attempt in Progress Morgan Taylor is settling a $19,420 loan due today by making b equal annual payments of $4,329.10. Click here to view factor tables. Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to o decimal places, e.g. 8% Interest rate

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