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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?

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Essentials of Corporate Finance

Essentials of Corporate Finance

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