SOLUTION: A loan of N$ 1 000 is repaid with 12 annual payments of N$ 100 each, starting one year after the loan is made. The effective annual interest rate is 3.5% for the first 4 years. Fi
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Question 1026601: A loan of N$ 1 000 is repaid with 12 annual payments of N$ 100 each, starting one year after the loan is made. The effective annual interest rate is 3.5% for the first 4 years. Find the effective annual interest rate for the final 8 years
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
This is an Algebra website. You need to find a business and finance site for this type of question.
John
My calculator said it, I believe it, that settles it
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