If, by a remarkable coincidence, the monthly payment on the $28,000 bank loan is exactly the same

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If, by a remarkable coincidence, the monthly payment on the $28,000 bank loan is exactly the same amount, what interest rate is the bank charging?

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Business Mathematics In Canada

ISBN: 9781260065992

10th Edition

Authors: F. Ernest Jerome, Tracy Worswick

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Question Posted: Jul 28, 2022 01:34 AM

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If, by a remarkable coincidence, the monthly payment on the $28,000 bank loan is exactly the same

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For an 3year bank loan of PV 28000 to have PMT ...View the full answer

Business Mathematics In Canada

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