Your company borrows $50,000 today to fund its growth initiatives. It must repay the bank...
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Finance
Your company borrows $50,000 today to fund its growth initiatives. It must repay the bank in four annual payments of $15,000 at the end of each year. What annual interest rate is your firm paying? 8.26 percent O 7.71 percent 0 6.76 percent O 10.26 percent
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