your uncle the banker offers to lend you $25,000 to start a new business. you will have to make a payment of $7,000 at the end of each of the next 3 years plus a final payment of $10,000 at the end of

your uncle the banker offers to lend you $25,000 to start a new business. you will have to make a payment of $7,000 at the end of each of the next 3 years plus a final payment of $10,000 at the end of year 4. what annual interest rate is built into this loan? a. 9.37% b. 10.13% c. 8.66% d. 9.74% e. 9.01%

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Your uncle the banker offers to lend you $25,000 to start a new business. you will have to make a payment of $7,000 at the end of each of the next 3 years plus a final payment o…

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