An amortized loan of $95,000 that you took calls for 30 annual payments of $8,000. What is the interest rate charged?O a. 10.00% 0 b. 9.43% Oc. 7.44% O d. 8.00%
An amortized loan of $95,000 that you took calls for 30 annual payments of $8,000. What is the interest rate charged?O a. 10.00% 0 b. 9.43% Oc. 7.44% O d. 8.00%
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
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Transcribed Image Text:An amortized loan of $95,000 that you took calls for 30 annual payments of $8,000. What
is the interest rate charged?O a. 10.00% 0 b. 9.43% Oc. 7.44% O d. 8.00%
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