Question
Zach Taylor is settling a $22,000 loan due today by making 6 equal annual payments of $4,904.23. Determine the interest rate on this loan, if
Zach Taylor is settling a $22,000 loan due today by making 6 equal annual payments of $4,904.23.
Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to 0 decimal places, e.g. 8%.)
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QS 9000 Handbook A Guide To Registration And Audit
Authors: Jayanta Bandyopadhyay
1st Edition
157444011X, 978-1574440119
