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Use factors and a spreadsheet to determine the interest rate per period from the following equation: 0 = -21,000 + 8,000(P/A,i * ,5) + 8,000(P/F,i
Use factors and a spreadsheet to determine the interest rate per period from the following equation:
0 = -21,000 + 8,000(P/A,i*,5) + 8,000(P/F,i*,8)
The interest rate per period is( %)
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