Question
9. The Sharky Shark Loan Company will lend you $2,000 today with terms that require you to pay off the loan in thirty-six monthly installments
9. The Sharky Shark Loan Company will lend you $2,000 today with terms that require you to pay off the loan in thirty-six monthly installments of $100 each. What is the annual rate of interest that the Lucky Loan Company is charging you?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
