Question
A fabric factory bought new equipment. The cash price of the equipment is $ 56,000 , putting down $ 11,200 and financing the remainder with
A fabric factory bought new equipment. The cash price of the equipment is $ 56,000, putting down $ 11,200 and financing the remainder with 20 monthly payments of $ 2,500 each. Find the APR by table lookup.
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers Clark, Cathy Knowles
1st Edition
0199587418, 978-0199587414
