Jake borrowed $18,000 from his father to purchase a camper. Jake paid back $25,000 to his father
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Jake borrowed $18,000 from his father to purchase a camper. Jake paid back $25,000 to his father at the end of 6 years.
What was the average annual compound rate of interest on Jake's loan from his father?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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