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Bill borrowed $500,000 today that he must repay in 12 semi-annual installments of $49,601.38. What annual interest rate is Bill paying on the loan?
Bill borrowed $500,000 today that he must repay in 12 semi-annual installments of $49,601.38. What annual interest rate is Bill paying on the loan?
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Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
