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Assume you receive a statement from Mastercard with a balance due of $1,079.28. You may pay it off in 12 equal monthly payments of $115
Assume you receive a statement from Mastercard with a balance due of $1,079.28. You may pay it off in 12 equal monthly payments of $115 each, with the first payment due one month from now. What rate of interest would you be paying? (Round answer to O decimal places, eg. 25%) Click here to view Table A.4-PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 Interest rate % per month Step by Step Solution
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Accounting Principles Part 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition
1118306783, 978-1118728918, 1118728912, 978-1118306789
