What annual percent rate of interest being charged


If the Bank of America agreed to lend you $50,000 for 10 years in return for 10 annual payments of $7,791 (each payment due at the end of each year), what annual percent rate of interest are you being charged?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What annual percent rate of interest being charged
Reference No:- TGS0550153

Expected delivery within 24 Hours