Assume that you know the total dollar amount of a loan and the amount of the monthly

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Assume that you know the total dollar amount of a loan and the amount of the monthly payments. How can you determine the interest rate as a percentage of the loan?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:15 AM

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Assume that you know the total dollar amount of a loan and the amount of the monthly

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The interest rate of the loan could be calculated by dividing the total dollar ...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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