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Calculate the effective interest rate RM858,000 = [ PVIFA(r,5) x 60,000 ] + [ PVIF (r,5) x 1,100,000] find the r show the calculation in

Calculate the effective interest rate

RM858,000 = [ PVIFA(r,5) x 60,000 ] + [ PVIF(r,5) x 1,100,000]

find the r

show the calculation in excel or online calculator( need to show the details how you get the answer)

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