You borrow 80000 to purchase a town house what is the rate


(Principles of Investment) You borrow $80,000 to purchase a town house. The loan is for 25 years, and the annual payment is $7,494.30 which covers the interest and annual principal repayment. What is the rate of interest on the loan?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You borrow 80000 to purchase a town house what is the rate
Reference No:- TGS02631562

Expected delivery within 24 Hours