A $241000 loan is repaid by 12 payments of $7000 each at the end of the month, ...

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[FONT=&quot]A $241000 loan is repaid by 12 payments of $7000 each at the end of the month, followed by 25 payments of $8100 each at the beginning of the month. What interest rate i12 is being charged ?[/FONT]

 

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A $241000 loan is repaid by 12 payments of $7000 each at the end of the month, followed by 25 payments of $8100 each at the beginning of the month. What interest rate i12 is being charged ?

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