Calculate the actuarial rate calculate the effective, Financial Management

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Calculate the actuarial rate calculate the effective

A farmer is given a loan amount of $1,553.62 with a contractual rate of 4.73%. The loan will be fully amortized with annual payments over the next 9 years

(i) Calculate the actuarial rate.

(ii) Calculate the APR.

(iii) Calculate the effective interest rate.

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Financial Management: Calculate the actuarial rate calculate the effective

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Financial Management: Calculate the actuarial rate calculate the effective

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