Question
For a certain loan it is known that I 5 = $595, P 5 = $615, and B 5 = $7,885. Find the interest rate.
For a certain loan it is known that I5= $595, P5 = $615, and B5 = $7,885. Find the interest rate. (That is the Balance at time 5 is $7,885, Principle portion paid with the payment at time 5 is $615, and Interest portion paid with the payment at time 5 is $595)
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Gold And Debt
Authors: William Lyman Fawcett
1st Edition
1144211727, 978-1144211729
