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- Topic: how to determine interest rate
| Author | Topic: how to determine interest rate |
|---|---|
| callixtus @2015-04-10 18:12:29 |
hi guys, need sum help here. On July 17 2009, Don borrowed $45,000 from his grandfather to open a clothing store. Starting July 17 2010, Don has to make ten equal anual payments of $6,500 each to repay the loan. By using a financial calculator, determine what interest rate Don is paying. thanks! |
CFA Discussion Topic: how to determine interest rate
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
