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An engineer borrows $10,000 to buy a personal computer. He must repay $218.94 a month for 5 years. What is the nominal annual interest rate,

An engineer borrows $10,000 to buy a personal computer. He must repay $218.94 a month for 5 years. What is the nominal annual interest rate, based upon continuous compounding. Answer: 11% NO EXCEL, need step by step solutions with formulas

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