Question
A businessman wants to buy a truck. The dealer offers to sell the truck for either $135,000 now, or six yearly payments of $27,500. Which
A businessman wants to buy a truck. The dealer offers to sell the truck for either $135,000 now, or six yearly payments of $27,500. Which of the following is closest to the interest rate being offered by the dealer?
A.
9.1%
B.
6.1%
C.
5.1%
D.
7.1%
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
