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Solve it by using bisection method. You buy a $35,000 piece of equipment for nothing down and $4500 per year for 6 years. What interest

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Solve it by using bisection method.

You buy a $35,000 piece of equipment for nothing down and $4500 per year for 6 years. What interest rate are you paying? The formula relating present worth P, annual payments A, number of years n, and interest rate is: A = P i(1 + i)" (1 + i)" - 1

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