A loan with a quarterly payment of 1500 has an unpaid


Question: A loan with a quarterly payment of $1,500 has an unpaid balance of $10,000 after 27 quarters and an unpaid balance of $9,000 after 28 quarters. If interest is compounded? quarterly, find the interest rate.

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Finance Basics: A loan with a quarterly payment of 1500 has an unpaid
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