Zach Taylor is settling a $20,000 loan due today by making 6 equal annual payments of $4,727.53.
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Zach Taylor is settling a $20,000 loan due today by making 6 equal annual payments of $4,727.53. Determine the interest rate on this loan, if the payments begin one year after the loan is signed.
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PV OA 20000 20000 472753 PV OA 6 i ...View the full answer
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