Question
Give that you borrowed $5000 and you agree to repay the loan with 4 annual payments of $1500, what annual effective rate of interest are
Give that you borrowed $5000 and you agree to repay the loan with 4 annual payments of $1500, what annual effective rate of interest are you paying?
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
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