10. Dorothy borrows $10,000 from the bank. For a four-year loan, the bank requires annual end-of-year payments of $3,223.73. The annual interest rate on the loan is
A) 9 percent
B) 10 percent
C) 11 percent
D) 12 percent
10. Dorothy borrows $10,000 from the bank. For a four-year loan, the bank requires annual end-of-year payments of $3,223.73. The annual interest rate on the loan is
A) 9 percent
B) 10 percent
C) 11 percent
D) 12 percent
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