A loan of $ 5 0 , 0 0 0 can be paid off by 4 annual

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A loan of $ $50, 000$ can be paid off by $4$ annual payments of $ $16, 000$ each. What is the interest rate on this loan?

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Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: May 05, 2024 02:06 PM

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A loan of $ 5 0 , 0 0 0 can be paid off by 4 annual

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To find the interest rate on the loan we can use the present value of an annuity for... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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