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11-02-2020
Engineering

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RKI Instruments borrowed $4,800,000 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 $5,184,000. What was the interest rate on the loan?

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Jgarcija6249 Jgarcija6249

11-02-2020

Answer:

n

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