Bill borrowed RM100,000 today that he must repay in 10 annual end-of-year installments of RM14,902. What annual
Fantastic news! We've Found the answer you've been seeking!
Question:
Bill borrowed RM100,000 today that he must repay in 10 annual end-of-year installments of RM14,902. What annual interest rate is Bill paying on his loan?n
n
Select one:n
n
a. 4.9%n
n
b. 7.5%n
n
c. 8.0%n
n
d. 5.4%
Related Book For
Posted Date: