document.write( "Question 862804: A loan is being repaid with 10 installments. The principal portion of the seventh payment is $110.25 and the interest portion is $39.75. What annual effective rate of interest is being charged? My book has the answer of 8%. GOD BLESS YOU! \n" ); document.write( "
Algebra.Com's Answer #520018 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! If you want help from god, ask for it (and good luck with that). \n" ); document.write( "If you want help with math, there's no need to mention god(s). \n" ); document.write( " \n" ); document.write( " |