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A student pays after 4 years $300,000.00 of school financing, if the initial loan was $180,000.00. At what interest rate did you get the loan?
A student pays after 4 years $300,000.00 of school financing, if the initial loan was $180,000.00. At what interest rate did you get the loan? What real or effective interest rate did I pay if the nominal rate was compounded quarterly?c
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