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your firm needs $143,000 to cover improvements of the warehouse. The bank is willing to loan the money for five equal annual payments of $35,000.
your firm needs $143,000 to cover improvements of the warehouse. The bank is willing to loan the money for five equal annual payments of $35,000. What is the implied interest rate on the loan?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
