What is the annual interest rate in given problem

Reference no: EM131789325

Question: You are running a small prototype PCA and you need borrow money to buy a new pick and place assembly machine. Your bank offers to lend $100,000 for 10 years. You must pay $14.903 per year to pay off the loan what is your annual interest rate?

Reference no: EM131789325

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What is the annual interest rate in given problem : You are running a small prototype PCA and you need borrow money to buy a new pick and place assembly machine. Your bank offers to lend $100,000 for 10 years

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