Question: how to do this on excel In order to start a new business, Miss Sue Me intends to borrow $50,000 from a local bank. The
In order to start a new business, Miss Sue Me intends to borrow $50,000 from a local bank. The loan contract requires her to repay the loan in five equal installments of $13,870 at the end of each year. Calculate the annual interest rate on the loan
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