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QUESTION 15 Calculate the interest rate (APR) associated with the following loan. Loan amount is for $45,000. At the end of each year, the borrower

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QUESTION 15 Calculate the interest rate (APR) associated with the following loan. Loan amount is for $45,000. At the end of each year, the borrower will repay $5,000 and will make those payments for 20 years to fully pay off the loan balance Enter the calculator inputs you would use to calculate the interest rate (enter exactly as you would in your calculator) N PV PMT FV Enter the calculated interest rate (enter as % and round to two decimal places - 12.34% should be entered as 12.34) Calculated 1/Y

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