Calculate the effective interest rate RM858,000 = [ PVIFA(r,5) x 60,000 ] + [ PVIF(r,5)...
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Accounting
Calculate the effective interest rate
RM858,000 = [ PVIFA(r,5) x 60,000 ] + [ PVIF(r,5) x 1,100,000]
find the r
show the calculation in excel or online calculator( need to show the details how you get the answer)
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