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Business, 09.03.2020 21:52 pjgolden04
The cash price of a machine tool is $3,500. The dealer is also offering terms of: (i) $1,200 down payment and (ii) 24 end-of-month payments of $110 each. What effective annual interest rate is implied by the terms of this financing offer
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The cash price of a machine tool is $3,500. The dealer is also offering terms of: (i) $1,200 down pa...
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