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Question Workspace Check My Work Your uncle the banker offers to lend you $25,000 to start...

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Question Workspace Check My Work Your uncle the banker offers tolend you $25,000 to start a new business. You will have to make apayment of $7,000 at the end of each of the next 3 years plus afinal payment of $10,000 at the end of Year 4. What annual interestrate is built into this loan?

a. 10.13%

b. 9.74%

c. 9.01%

d. 8.66%

e. 9.37%

Anybody can solve this question via HP 10bll+calculator?

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Question Workspace Check My Work Your uncle the banker offers tolend you $25,000 to start a new business. You will have to make apayment of $7,000 at the end of each of the next 3 years plus afinal payment of $10,000 at the end of Year 4. What annual interestrate is built into this loan?a. 10.13%b. 9.74%c. 9.01%d. 8.66%e. 9.37%Anybody can solve this question via HP 10bll+calculator?

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