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Economics

Find the interest rate Gene Milton borrowed a sum of $5,000 from his uncle be. After three years, he paid back a sum of $5,000 and paid another $1000 in the following year to pay off the Ioan. Determine the interest rate Gene paid if the payments were based on yearly compounding.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91228480

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