If you borrow $9,725 and are required to repay the loan in five equal installments of $2,500
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Question:
If you borrow $9,725 and are required to repay the loan in five
equal installments of $2,500 each. What rate of interest you have
paid? Also mention amount of interest.
Expert Answer:
To determine the interest rate and total amount of interest paid for a loan we can use the concept o... View the full answer
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