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Question: a loan shark has offered to loan you 37520000 today...

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A loan shark has offered to loan you $375,200.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $619,400.00 exactly 4.00 years from today. You are very tempted as you want the house really badly. What is the rate of interest on the Shark’s loan?

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