Cee Lo Green decides to borrow $ 100,000. In order to settle this loan, he plans to

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Cee Lo Green decides to borrow $ 100,000. In order to settle this loan, he plans to make 10 payments of $ 13,586.79 at the end of each year. Interest is compounded annually. What is the interest rate on this loan?

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Nov 24, 2015 04:39 AM

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Cee Lo Green decides to borrow $ 100,000. In order to settle this loan, he plans to

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Using PV of Ordinary Annuity Table 7A5 where N 10 and IY is unknown 100000 1358679 ...View the full answer

Intermediate Accounting

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