Use factors and a spreadsheet to determine the interest rate per period from the following equation: 0
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Use factors and a spreadsheet to determine the interest rate per period from the following equation:
0 = −40,000 + 8000(P∕A,i*,5) + 8000(P∕F,i*,8)
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Interpolation Try 5 40000 800043295 800006768 5040 0 ...View the full answer
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