Answer to Question #250550 in Economics for Bob

Question #250550


On March 29, 2019, Jane borrowed $1,550 from her sister and promised to pay her $2000 after 3 years. With annual compounding, find the implicit rate of interest for this loan.  (round to the nearest decimal place) 


1
Expert's answer
2021-10-14T17:12:02-0400
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