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financial mathematics A payment of $39,000 is made at the end of each year for 31 years to repay a loan of $435,600. If the

financial mathematics

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A payment of $39,000 is made at the end of each year for 31 years to repay a loan of $435,600. If the borrower replaces the capital by means of a sinking fund earning 3% effective, find the effective rate paid to the lender on the loan. Answer - 11.21 X % (in percents rounded to 2 decimal places.) Submit Answer Practice Another Version

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