Identify the interest rate you are being charged
Suppose you took a $1500 loan today and agreed to pay $500 in the year two, $500 in year four and $1500 in year six (final year). Identify the interest rate you are being charged per year using: i. Excel's IRR function ii. Excel's GOAL SEEK tool
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Health care costs are reportedly rising at an annual rate that is triple general inflation rate. The current inflation rate is running at the 4% per year.
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