You took a 1500 loan today and agreed to pay 500 in year


a) You took a $1500 loan today and agreed to pay $500 in year two, $500 in year 4 and $1500 in year 6 (final year). Find 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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Microeconomics: You took a 1500 loan today and agreed to pay 500 in year
Reference No:- TGS0942217

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