Question
You've been offered a loan of $25,000 , which you will have to repay in 10 equal annual payments of $ 5,000 , with the
You've been offered a loan of $25,000, which you will have to repay in 10 equal annual payments of $5,000, with the first payment due one year from now. What interest rate would you pay on that loan?
(Round to two decimal places.)
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
