Question: Loan terms ( 1 0 points ) a ) The Bank of Burlington has offered you a loan for $ 5 , 0 0 0

Loan terms (10 points) a) The Bank of Burlington has offered you a loan for $5,000. They ask that you pay them $6,000 in 2 years, which reflects their standard interest rate. What is the interest rate on this loan? Show your work.

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