Essay
Note: The calculations for this question were done using Excel's RATE function.
What is the effective annual rate of interest on a loan of $9200.00 repaid in semi-annual installments of $810.00 in nine years?
Correct Answer:
Verified
Nper 18
Pmt -810.00
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Correct Answer:
Verified
Nper 18
Pmt -810.00
...
Pmt -810.00
...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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