Wick borrowed $64,000 and agreed to make 8 annual payments of $9,000 at the end of each
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Wick borrowed $64,000 and agreed to make 8 annual payments of $9,000 at the end of each year. What is the interest rate of this loan? Enter the percent rounded to two digits after the decimal.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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