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1. if you borrow a principle of amount of $6,489 and are required to repay the loan in five equal installements of $1,800, what is
1. if you borrow a principle of amount of $6,489 and are required to repay the loan in five equal installements of $1,800, what is the interest rate associated with the loan?
2. How much will be accumalated in a fund earning 4% interest if $25,000 is deposited at the end of each year for 4 years?
3. At what growth rate (annual interest rate), it would take a sum to quadruple in 8 years?
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