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Hey!! can ya help me please?? Thanks
5) An education loan of 8400 dollars for ten years is to be repaid in monthly installments of 122.50 dollars. What is the annual rate of this loan, computed as simple interest?
Last edited by Hrslvr1612 (2006-02-01 10:28:55)
Re: Hey!! can ya help me please?? Thanks
To solve these problems you need two formulas;