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Business, 04.04.2020 00:28 34267

Jacob needed money for some unexpected expenses, so he borrowed $2,138.41 from a friend and agreed to repay the loan in three equal installments of $800 at the end of each year. The agreement is offering an implied interest rate of .

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Jacob needed money for some unexpected expenses, so he borrowed $2,138.41 from a friend and agreed t...

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