If the interest paid is $20,000,the cash available at the beginning of the period is $230,000,and the cash available at the end of the period is $10,000,what is the approximate interest rate?
A)18.18%
B)36.36%
C)17.39%
D)13.39%
E)17.17%

Name: If the interest paid is $20,000,the cash available at the beginning of the period is $230,000,and the cash available at the end of the period is $10,000,what is the approximate interest rate? A)18.18% B)36.36% C)17.39% D)13.39% E)17.17%
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Question

Quizplus · Accepted Answer

The Answer is A

If the Interest Paid Is $20,000,the Cash Available at the Beginning