Calculate the effective interest rate

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In order to start this coffee business, the Manager took a 300K loan from the bank.

He/she will have to pay 10K monthly for three years.

a-Calculate the effective interest rate (per year).

b-If the coffee business makes a Revenue=19K/month and has an operational cost of 12K/Month, Calculate the PW if the study period is 5 years and the MARR is equal to 1.5% per month. Solve by hand or spreadsheet.

Reference no: EM132489499

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