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James Heller borrowed $1,800 from his father to purchase a mountain bike.James paid back $2,600 to his father at the end of 4 years.What was

James Heller borrowed $1,800 from his father to purchase a mountain bike.James paid back $2,600 to his father at the end of 4 years.What was the average annual compound rate of interest on James' loan from his father?

N

I/Y

PV

PMT

FV

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Question

James Heller borrowed $1,800 from his father to purchase a mountain bike.James paid back $2,600 to his father at the end of 4 years.What was

James Heller borrowed $1,800 from his father to purchase a mountain bike.James paid back $2,600 to his father at the end of 4 years.What was the average annual compound rate of interest on James' loan from his father? N I/Y PV PMT FV

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Recommended Textbook for

Physics

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James Heller borrowed $1,800 from his father to purchase a mountain bike.James paid back $2,600 to his father at the end of 4 years.What was the average annual compound rate of interest on James' loan from his father?

N

I/Y

PV

PMT

FV