If a loan of $10,000 is paid back in equal annual end-of-year payments of $2,570.69 during the next ...

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If a loan of $10,000 is paid back in equal annual end-of-year payments of $2,570.69 during the next ...

If a loan of $10,000 is paid back in equal annual end-of-year payments of $2,570.69 during the next five years, what is the annual interest rate on the loan?
A) 2%
B) 5%
C) 9%
D) 12%

Textbook

Financial Management: Principles and Applications

Edition: 13^th

Authors: Titman, Keown, Martin

Read 83 times

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solina Author

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6 years ago

Thank you
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Thank you bio-forums! Heavy Heart

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