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You are thinking about buying theBennetiParadigm for $4.95 million. The owner needs to sell soon so he says he'll sell it to you for $4 million if...
You are thinking about buying the Benneti Paradigm for $4.95 million. The owner needs to sell soon so he says he'll sell it to you for $4 million if you pay him $6 million in five years. What is the interest rate on this loan?