A consumer purchasing a refrigerator is offered two payment plans: Plan A: 150 down, 200 after 1
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A consumer purchasing a refrigerator is offered two payment plans:
Plan A: 150 down, 200 after 1 year, 250 after 2 years Plan B: 87 down, 425 after 1 year, 50 after 2 years Determine the range of interest rates for which Plan A is better for the consumer.
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