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In 2014, a man mailed a exist 500 check to another man to repay a exist 500 debt of his great great grandfather. who died in 1879. A bank estimated the in test on the loan to be exist269 million for the 135 years it was due. Find the interest rate the bank was using assuming interest is compounded annually.

The bank was using an interest rate of %.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92384016

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