Question
An automobile oil change business charges $45 for a standard oil change but sells a booklet of 6 oil change coupons for $210. If a
An automobile oil change business charges $45 for a standard oil change but sells a booklet of 6 oil change coupons for $210. If a car owners driving habits require an oil change every 4 months, what is the effective interest rate of the savings generated by using the booklet of coupons?
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Enterprise Risk Management In Finance
Authors: David L. Olson, Desheng Dash Wu
1st Edition
1349691038, 978-1349691036
