Poor Dog, Inc. borrowed $135,000 from the bank today. They must repay this money over the next

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Poor Dog, Inc. borrowed $135,000 from the bank today. They must repay this money over the next six years by making monthly payments of $2,215.10. What is the interest rate on the loan?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

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

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Question Posted: Jan 31, 2017 09:48 AM

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Poor Dog, Inc. borrowed $135,000 from the bank today. They must repay this money over the next

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n 6 12 72 I 0 PV 135000 Monthly Payment 22151 FV ...View the full answer

Contemporary Business Mathematics With Canadian Applications

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