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An Investment costs $4200 and promises $300 every year for the next 18 years. What is the periodic interest rate of this loan? Answer in

An Investment costs $4200 and promises $300 every year for the next 18 years. What is the periodic interest rate of this loan? Answer in decimal form using 5 figures (e.g. 10.23% = 0.10234).

ID0164,998

Answer:

(0.0279)

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