(Solving for i ) (Related to Checkpoint 5.6 on page 176) Youve run out of money for...
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(Solving for i ) (Related to Checkpoint 5.6 on page 176) You’ve run out of money for college, and your college roommate has an idea for you. He offers to lend you
$15,000, for which you will repay him $37,313 at the end of five years. If you took this loan, what interest rate would you be paying on it?
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Related Book For 
Financial Management Principles And Applications
ISBN: 9781292222189
13th Global Edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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