A loan of £100,000 is repaid in 11 annual instalments of £13,900, with the first repayment due in one year. What is the interest rate? 数字 Enter a percentage correct to 1 decimal place. i = %
A loan of £100,000 is repaid in 11 annual instalments of £13,900, with the first repayment due in one year. What is the interest rate? 数字 Enter a percentage correct to 1 decimal place. i = %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A loan of £100,000 is repaid in 11 annual instalments of £13,900, with the first repayment due in one year.
What is the interest rate?
i 数字
Enter a percentage correct to 1 decimal place.
%
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