Question
Your parents loan you $6000 when you graduate from college to take a European vacation. They agree on a simple interest repayment after 5 years.
Your parents loan you $6000 when you graduate from college to take a European vacation. They agree on a simple interest repayment after 5 years. If you pay them $6985, then how much was the simple interest rate? 3.283%
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
