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Posted by: Homeworkhelp
Price Quoted by Student: $1.5
Posted On: 2011-08-20 08:08:55
 
Question

Lang Warehouses borrowed $100,000 from a bank and signed a note requiring 20 annual payments of

ANSWER KEY E 6-14 Solving for unknown interest rate

E 6-14 Lang Warehouses borrowed $100,000 from a bank and signed a note requiring 20 annual payments of $13,388 beginning one year from the date of the agreement.

Required:

Determine the interest rate implicit in this agreement.


Solutions
ANSWER KEY Exercise 6-14    &n
Price $1.5
Attachment 1: E 6-14 Lang Warehouses.doc
Solution Posted By: Homeworkhelp    Posted on: 20-08-2011