Question
5. ABC Bank Granted you a loan of $15,000. Your First of nine annual payments of $1817 is due two years from now. What rate
5. ABC Bank Granted you a loan of $15,000. Your First of nine annual payments of $1817 is due two years from now. What rate of interest is the bank charging you?
a. 1.46%
b. 1.76%
c. 0.61%
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
