Celeste just borrowed 44400 dollars she plans to repay this, Ask an Expert

Economics

Celeste just borrowed 44,400 dollars. She plans to repay this loan by making equal quarterly payments of 2,730.19 dollars for 25 quarters. If she makes her first quarterly payment later today, then what is the quarterly interest rate on the loan? Answer as a quarterly rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91727080

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