Question you are running a small prototype pca shop and you, Ask an Expert

Economics

Question: You are running a small prototype PCA shop, and you need to borrow money to buy a new pick and place assembly machine. Your bank offers to lend you $100,000 for 10 years. You must pay $14.903 per year to pay off the loan what is your annual interest rate?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93127001

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