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Business, 22.10.2020 19:01 faithyholcomb

A loan is being repaid with payments of $395 made at the beginning of each year for 17 years. Determine the effective annual rate of interest charged if the loan amount is $5081.27.

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A loan is being repaid with payments of $395 made at the beginning of each year for 17 years. Determ...
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