Your CFO expects interest rates to remain at 2% for this year before increasing to 3% for next year and 8% for the follo
Posted: Sun May 29, 2022 5:01 pm
Your CFO expects interest rates to remain at 2% for this year before increasing to 3% for next year and 8% for the following year. Under the expectations hypothesis, what should be the rate for a three year loan? (express your answer as a decimal with 4 decimal places)