Interest of 1,000 is charged and included in a loan of 3,000. The loan has to be

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Interest of £1,000 is charged and included in a loan of £3,000. The loan has to be repaid at £750 per quarter over the next 12 months. What is the real rate of interest of the loan?

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Business Accounting

ISBN: 9780273619826

7th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 29, 2024 01:01 AM

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Interest of 1,000 is charged and included in a loan of 3,000. The loan has to be

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Business Accounting

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