Wick borrowed $64,000 and agreed to make 8 annual payments of $9,000 at the end of each

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Wick borrowed $64,000 and agreed to make 8 annual payments of $9,000 at the end of each year. What is the interest rate of this loan? Enter the percent rounded to two digits after the decimal.

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Mar 18, 2023 03:45 AM

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Wick borrowed $64,000 and agreed to make 8 annual payments of $9,000 at the end of each

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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