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Show me the way of this question without using finance calculator You borrow $50,000 to be repaid in 24 installments of $2,424.33 at the end
Show me the way of this question without using finance calculator
You borrow $50,000 to be repaid in 24 installments of $2,424.33 at the end of each month. The ANNUAL interest rate is closest to A.1.25 percent B. 3.00 percent C. 15.00 percent D. 18.00 percent Show me the answer using regular calculator not finance calculatorStep by Step Solution
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