Question
A local company is selling an LG 55 OLED Smart TV for $2327 cash or you can rent-to-own for $232.70 per month for 18 months.
A local company is selling an LG 55" OLED Smart TV for $2327 cash or you can rent-to-own for $232.70 per month for 18 months. If you took the 18-month rent-to-own offer, what would be the APR of your loan? Draw a correct cash flow diagram.
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Step: 1
Hence APR ...
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
