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Interest rate in an annuity. Please show how to use formula and calculator to solve this p

Interest rate in an annuity. Please show how to use formula and calculator to solve this p

Interest rate in an annuity. Please show how to use formula and calculator to solve this problem: "Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $207.58 per month for 60 months. What is the monthly interest rate?"

Abhinav 04-Dec-2019

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