You want to borrow $ 3 0 , 0 0 0 . For the loan to you

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Question:

You want to borrow $

30, 000 .

For the loan to you must repay $

1100

every quarter

(4

times per year

)

for the next

8

years plus $

8000

at the end of the

8

years. Based on this, what rate of interest are you paying?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Feb 09, 2024 11:07 PM

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You want to borrow $ 3 0 , 0 0 0 . For the loan to you

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Financial Management for Public Health and Not for Profit Organizations

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