What annual interest rate paid for if: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six monthly deposits of $100 will result in $4,500 at the end of...

What annual interest rate paid for if:<br>a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000?<br>b) Thirty-six monthly deposits of $100 will result in $4,500 at the end of three years?<br>What is the effective interest rate for this case?<br>

Extracted text: What annual interest rate paid for if: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six monthly deposits of $100 will result in $4,500 at the end of three years? What is the effective interest rate for this case?

Jun 08, 2022

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What annual interest rate paid for if: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six monthly deposits of $100 will result in $4,500 at the end of...

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