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  3. problem 211 you borrow 10000 and agree to repay the...

Question: problem 211 you borrow 10000 and agree to repay the...

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Problem 2.11 You borrow 10,000 and agree to repay the loan with 5 level payments of 2,500 at the end of each payment period. What periodic interest rate are you paying? (*For this question, if you dont have a financial calculator, its fine just to write down the equation that we need to solve. If you have BA II Plus, you can refer to the handout on calculator.pdf and figure out how to solve for the interest rate)

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