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1. Which of the following is NOT correct in a trial and error process of finding interest rate? A. If the computed PV is greater

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1. Which of the following is NOT correct in a trial and error process of finding interest rate? A. If the computed PV is greater than loan amount, the interest rate is too low. B. If the computed PV is greater than loan amount, the interest rate is too high C. If the computed PV is less than loan amount, the interest rate is too high D. If the computed PV is equal to loan amount, the interest rate is correct rate

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