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(Related to Checkpoint 5.6)(Solving for i) You lend a friend $10,000, for which your friend...

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Accounting

(Related to Checkpoint 5.6)(Solving for i) You lend a friend $10,000, for which your friend will repay you $27,027 at the end of 5 years. What interest rate are you charging your "friend"?
The interest rate you are charging your friend on the loan is
%.(Round to the nearest whole percent.)
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