Answered: What annual interest rate (%)…

Engineering

Civil Engineering

What annual interest rate (%) corresponds to a lump-sum payment of $5425?

Sustainable Energy

2nd Edition

ISBN:9781337551663

Author:DUNLAP, Richard A.

Publisher:DUNLAP, Richard A.

Chapter2: Past, Present, And Future World Energy Use

Section: Chapter Questions

Problem 11P

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20. An investor makes a loan of $5000, to be repaid in one lump sum at the end of one year. What annual interest rate (%) corresponds to a lump-sum payment of $5425?

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