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A businessman wants to buy a truck. The dealer offers to sell the truck for either $100,000 now, or eight yearly payments of $17,500. Which
A businessman wants to buy a truck. The dealer offers to sell the truck for either $100,000 now, or eight yearly payments of $17,500. Which of the following is closest to the interest rate being offered by the dealer? O A. 7.1% OB. 9.1% O C. 8.1% OD. 11.1%
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