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Consider a loan for $72,675 that is paid off in 15 yearly payments of $6,000. How to manipulate the formula to solve for Interest rate?
Consider a loan for $72,675 that is paid off in 15 yearly payments of $6,000.
How to manipulate the formula to solve for Interest rate?
What is the interest rate?
Show your work?
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
