A loan of $ 1 0 , 0 0 0 is being repaid with annual payments of
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A loan of $ is being repaid with annual payments of $ for n years. The total principal paid in the first payment is $ Calculate the interest rate on the loan. Round to two decimal places on the interest rate percentage.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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