What is the annual interest rate on his loan

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Reference no: EM131988601

Solve the question given below

Waylon Smithers borrows $17,729.75 for a new car. He is required to repay the amortized loan with four annual payments of $5,000 each. What is the annual interest rate on his loan?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131988601

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