What is the annual cost of debt for this, Financial Management

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What is the annual cost of debt for this

Fly By Night Trucking Company is financing a new truck with an amortized loan of $50,000 to be repaid in 11 semi-annual installments of $5, 776, 92, paid at the end of each six months. (Draw a cash flow diagram) What type of annuity is this? _____ What is the annual cost of debt for this loan?

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Financial Management: What is the annual cost of debt for this

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