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Quest BE7-17 (book/static) settle this loan, he plans make 10 payments of $13,586.79 at the end of each year. Interest is compounded annually. What is
Quest BE7-17 (book/static) settle this loan, he plans make 10 payments of $13,586.79 at the end of each year. Interest is compounded annually. What is the interest rate on this loan? Cee Lo Green decides to borrow $100,000. In order (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) (Click the icon to view the Future Value of an Annuity Due table.) What is the interest rate on this loan? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the form use factor amounts rounded to five decimal places, XXXXXX. Round the interest rate to the nearest whole percent.) The interest rate is
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