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What rate of interest will you receive on investment

Question: You are offered the opportunity to buy a note for $10,000. The note is certain to pay $2000 at the end of each of the next 10 years. If you buy the note, what rate of interest will you receive on this investment (to nearest %)

a. 15%

b. 100%

c. 20%

d. 16%

e. Insufficient information to compute

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## Q : What interest rate is joe paying on the loan

Amortizing loan of $24,000 which is to be repaid in 10 annual installments of $4,247.62 each. What interest rate is Joe paying on the loan?