Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Monthly payments of $248.00
Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Monthly payments of $248.00 are made for 9 years to repay a loan at 8.9% compounded monthly. i= (Type an integer or decimal rounded to four decimal places as needed.)
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