You want to borrow $25,000 For the loan to you must repay $1100 every quarter (4 times per year) for the next 5 years plus $8700 at the end of the 5 years Based on this, what rate of interest are you paying

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You want to borrow $25,000. For the loan to you must repay $1100 every quarter (4 times per year) for the next 5 years plus

You want to borrow $25,000. For the loan to you must repay $1100 every quarter (4 times per year) for the next 5 years plus $8700 at the end of the 5 years. Based on this, what rate of interest are you paying?

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