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mantparn mantparn
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7 years ago
Detta borrows $20,000 from the bank. For a five-year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the loan is ________.
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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mantparn Author
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#2
7 years ago
Thanks again for helping me in my management class!
wrote...
#3
4 years ago
ey good .good job
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