Annuity interest rate) You've been offered a loan of $30,000, which you will have to repay...
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Annuity interest rate) You've been offered a loan of $30,000, which you will have to repay in 13 equal annual payments of $5,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is %. (Round to two decimal places.) Annuity interest rate) You've been offered a loan of $30,000, which you will have to repay in 13 equal annual payments of $5,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is %. (Round to two decimal places.)
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