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Show in excel spreadsheet with formulas 13. A company purchases 100 acres of land for $400,000 and agrees to pay 20 equal annual end of

Show in excel spreadsheet with formulas

13. A company purchases 100 acres of land for $400,000 and agrees to pay 20 equal annual end of the year payments of $41,067 each. What is the true annual interest rate on this loan? PV FV PMT RATE NPER

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