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book Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin cover

Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Edition 7ISBN: 978-0073376301
book Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin cover

Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Edition 7ISBN: 978-0073376301
Exercise 21
RKI Instruments borrowed $3,500,000 from a private equity firm for expansion of its manufacturing facility for making carbon monoxide monitors/ controllers. The company repaid the loan after 1 year with a single payment of $3,885,000. What was the interest rate on the loan
Explanation
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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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