A merchandise is being advertised by a store for the value of 6700$ that can be paid

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A merchandise is being advertised by a store for the value of 6700$ that can be paid "without interest" in 67 installments of $ 100, the first being paid in 30 days.You went to negotiate with the shopkeeper and got an 5% cash discount.What is the effective monthly compound interest rate that is included in this "interest-free" payment plan?

Posted Date: May 19, 2024 09:11 PM

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A merchandise is being advertised by a store for the value of 6700$ that can be paid

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