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A loan of $25,000,000 is to be repaid by annual year-end payments of $3,000,000 for 30 years. What is the effective interest rate on
A loan of $25,000,000 is to be repaid by annual year-end payments of $3,000,000 for 30 years. What is the effective interest rate on this loan? 21.598% O 3.600% 43.62% 11.548% 9.746%
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
