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?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
