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Business, 25.02.2020 19:01 rell5911

Matthew needed money for some unexpected expenses, so he borrowed $2,587.09 from a friend and agreed to repay the loan in three equal installments of $950 at the end of each year. The agreement is offering an implied interest rate of:

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Matthew needed money for some unexpected expenses, so he borrowed $2,587.09 from a friend and agreed...
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