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If you borrow $100,000 and are required to pay back the loan in six equal annual installments of $22,962.11, what is the interest rate associated
If you borrow $100,000 and are required to pay back the loan in six equal annual installments of $22,962.11, what is the interest rate associated with the loan?
| a. | 8% | |
| b. | 10% | |
| c. | 9% | |
| d. | 11% |
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
