AuthorTopic: how to determine interest rate
callixtus
@2015-04-10 18:12:29		 hi guys, need sum help here.

On July 17 2009, Don borrowed $45,000 from his grandfather to open a clothing store. Starting July 17 2010, Don has to make ten equal anual payments of $6,500 each to repay the loan. By using a financial calculator, determine what interest rate Don is paying.

thanks!

CFA Discussion Topic: how to determine interest rate

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I used your notes and passed ... highly recommended!
Lauren

Lauren