Determine the interest rate on this loan if the payments


1. Walt Frazier is settling a $20,000 loan due today by making 6 equal annual payments of $4,864.51. Determine the interest rate on this loan, if the payments begin one year after the loan is signed. 

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Accounting Basics: Determine the interest rate on this loan if the payments
Reference No:- TGS01483578

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