Business, 29.04.2021 22:10 nev322

Dwight Schrute is planning to make some additions to the bed and breakfast he runs, Schrute Farms. Jim Halpert has offered Dwight a loan to make the planned additions. Jim has told Dwight that he has two choices in his loan offerings. In the first loan scenario he would loan Dwight $5,000 if he pays Jim $13,000 in 6 years. In the second scenario Jim would allow Dwight 9 years to repay the loan if he repays Jim $15,000. Enter a function in E5 to calculate the interest rate for the first loan offer from Jim. Copy this function to cell E6.

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Dwight Schrute is planning to make some additions to the bed and breakfast he runs, Schrute Farms. J...

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