A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of

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A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of $200,000 in years 1 and 2 plus a lump sum amount of $2.2 million at the end of year 3.

What was the interest rate on the loan?

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Oct 26, 2024 07:00 AM

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A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of

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Basics Of Engineering Economy

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