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
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> 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
Log On
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):
