Celeste just borrowed 41,500 dollars. She plans to repay this loan by making equal quarterly payments of

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Celeste just borrowed 41,500 dollars. She plans to repay this loan by making equal quarterly payments of 2,505.7 dollars for 18 quarters. If she makes her first quarterly payment later today, then what is the quarterly interest rate on the loan?

Posted Date: May 13, 2024 06:36 AM

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Celeste just borrowed 41,500 dollars. She plans to repay this loan by making equal quarterly payments of

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To find the quarterly interest rate on the loan we can use the ... View the full answer

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