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If 3 payments of $104.087 are to be made, what interest rate is the bank charging low life? I(P=250,000 FV=0 PMT = 104,087 n=3) =12%

If 3 payments of $104.087 are to be made, what interest rate is the bank charging low life? I(P=250,000 FV=0 PMT = 104,087 n=3) =12% So this has the answer, I just want to know how they got that answe...

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