Computing the rate of interest
Problem:
Question: What is the rate of interest on a $10,000 loan that is to be repaid in 10 equal annual installments of $1,917.
a. 8%
b. 10%
c. 14%
d. 16%
e. 15%
Note: Please show how to work it out.
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Competitive strategy, Kindly Find the attached file and please follow the instructions in the file and can u please send this assignment by tomorrow?
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