Question: Intro Consider a loan for $ 1 0 6 , 5 8 6 that is paid off in 1 5 yearly payments of $ 1

Intro
Consider a loan for $106,586 that is paid off in 15 yearly payments of $12,000.
Part 1
Attempt 110 for 10 pts.
What is the interest rate?
Intro Consider a loan for $106,586 that is paid off in

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