34. You want to buy a 285-litre refrigerator of 10,000 on an instalment basis. A distributor of various makes of refrigerators is prepared to do so. He states that the payments will be made in four years, interest rate being 13%. The annual payments would be as follows Principal Four your internet... *10,000 0.13 4 Annual payments, 15,200/4 10.000 5,200 15,200 3,800 What rate of return the distributor is earning?