Question
You've been offered a loan of $15 comma 00015,000, which you will have to repay in 1212 equal annual payments of $3 comma 0003,000, with
You've been offered a loan of $15 comma 00015,000, which you will have to repay in 1212 equal annual payments of $3 comma 0003,000, with the first payment due one year from now. What interest rate would you pay on that loan?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
