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A small business took out a loan of $50,000 four years ago, and paid it back today with $80,611.30. How much is the annual interest
A small business took out a loan of $50,000 four years ago, and paid it back today with $80,611.30. How much is the annual interest rate applied to this loan if it was compounded monthly?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
