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What is the APR for a $10,000 loan with a stated interest rate of 8%? Two year loan with equal semi-annual principal payments of $2,500.
What is the APR for a $10,000 loan with a stated interest rate of 8%? Two year loan with equal semi-annual principal payments of $2,500. Show me your formula and answer.
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
