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Please show how to do it witout excel. (Annuity interest rate) You've been offered a loan of $30,000, which you will have to repay in
Please show how to do it witout excel.
(Annuity interest rate) You've been offered a loan of $30,000, which you will have to repay in 5 equal annual payments of $10,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is \%. (Round to two decimal places.)Step by Step Solution
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