Question
A businessman wants to buy a truck. The dealer offers to sell the truck for either $110,000 now, or five yearly payments of $ $27,000.
A businessman wants to buy a truck. The dealer offers to sell the truck for either $110,000 now, or five yearly payments of $ $27,000. Which of the following is closest to the interest rate being offered by the dealer?
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Economics And Personal Finance
Authors: Irvin Tucker, Joan Ryan
1st Edition
1133562108, 978-1133562108
