Problem #5 You still $10,000 to pay for a truck. You know you need 18.6% interest...
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Problem #5 You still $10,000 to pay for a truck. You know you need 18.6% interest to get you there. You can't find that rate anywhere. The best you can find is an annual rate of 13.13%. How long will it take to get to $10,000 if your starting capital is $6,000? Problem #5 You still $10,000 to pay for a truck. You know you need 18.6% interest to get you there. You can't find that rate anywhere. The best you can find is an annual rate of 13.13%. How long will it take to get to $10,000 if your starting capital is $6,000?
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