What interest rate are you being charged

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1. Terrell Corp. recently borrowed $25 million to expand their manufacturing facility. Terms of the loan require quarterly payments for the next seven years. The stated interest rate is 8 percent per year, which is compounded quarterly. What is the quarterly payment on the loan?

2. You borrow $260,000; the annual loan payments are $18,888.72 for 30 years. What interest rate are you being charged? Round your answer to two decimal places. %

3. What is the true IRR of the following project, assuming a reinvestment rate of 10%? Year Project A 0 -$1,000 1 700 2 600 Select one: a. 18.41% b. 19.01% c. 17.98% d. 17.05% e. 20.96%.

Reference no: EM131954716

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