Question
On July 17, 2021. Anthony Urban borrowed $56000 from his grandfather to open a clothing store. Starting July 17,2022 , Anthony has to make 10
On July 17, 2021. Anthony Urban borrowed $56000 from his grandfather to open a clothing store. Starting July 17,2022 , Anthony has to make 10 equal annual payments of $ 8,000 cach to repay the loan. Use a financial calculator to determine what interest rate Anthory is paying. (Round answer to 2decimal places, e. 25. 50 x )
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Accounting Principles A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
1st Edition
1680921851, 978-1680921854
