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Consider a loan amount of 100,000 EUR, which is repaid in 8 installment payments at the end of each year. The difference
Posted: Sat Feb 19, 2022 2:32 pm
by answerhappygod
- Consider A Loan Amount Of 100 000 Eur Which Is Repaid In 8 Installment Payments At The End Of Each Year The Difference 1 (43.36 KiB) Viewed 45 times
Consider a loan amount of 100,000 EUR, which is repaid in 8 installment payments at the end of each year. The difference between annuity payments in the 2nd and 5th year is 1,700 EUR. Please calculate the annual interest rate if you assume that it is stable over time? Select one: A. 3.8 % B. 4.5 % C. 5.4 % D. 4.9 %