Answer to Question #122957 in Finance for Natasha

Question #122957
a loan of $500 is to be paid with two payments of $300, one in 3 months, and another in 6 months. the compound interest charged per annum on the loan is;
1
Expert's answer
2020-06-25T10:57:18-0400

- less than 0, interest rate can't be less than 0

i-annual interest rate


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