Celeste just borrowed 47500 dollars she plans to repay this


Celeste just borrowed 47,500 dollars. She plans to repay this loan by making equal quarterly payments of 3,126.28 dollars for 19 quarters. If she makes her first quarterly payment later today, then what is the quarterly interest rate on the loan?

Solution Preview :

Prepared by a verified Expert
Business Management: Celeste just borrowed 47500 dollars she plans to repay this
Reference No:- TGS01578100

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)