5-28B. (Solving fOr i in compound interest) You lend a friend $15,000, for which your friend will...
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5-28B. (Solving fOr i in compound interest) You lend a friend $15,000, for which your friend will repay you $37,313 at the end of five years. VVhat interest rate are you charging your "friend"?
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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