What is the effective annual rate of interest on a loan of $9000.00 repaid in semiannual installments

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What is the effective annual rate of interest on a loan of $9000.00 repaid in semiannual installments of $725.00 in nine years?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Question Posted: Nov 29, 2017 06:47 AM

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What is the effective annual rate of interest on a loan of $9000.00 repaid in semiannual installments

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Contemporary Business Mathematics with Canadian Applications

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