Question: You are screen sharing O Stop Share Question 3 - Calculate Rate A. 8.68% B. 9.06% C. 10.00% D. 10.42% E. 18.12% Gretchen Enterprises borrowed

You are screen sharing O Stop Share Question 3 - Calculate Rate A. 8.68% B. 9.06% C. 10.00% D. 10.42% E. 18.12% Gretchen Enterprises borrowed $149,500 for two years from the bank. At the end of the two years, they repaid the loan with one payment of $176,590. What was the interest rate on the loan? 5-33
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
