Mathematics, 28.08.2021 03:40 aeshaalhemri

(Annuity interest rate) You've been offered a loan of $40,000, which you will have to repay in 12 equal annual payments of $6,000.00, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is

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​(Annuity interest​ rate) ​You've been offered a loan of ​$40,000​, which you will have to repay in 12 equal annual payments of ​$6,000.00​, with the first payment due one year from now. What interest rate would you pay on that​ loan? The interest rate you would pay on the loan is

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Another question on Mathematics

(Annuity interest rate) You've been offered a loan of $40,000, which you will have to repay in 12 equal annual payments of $6,000.00, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is