Question
Dwight Schrute offers Andy Bernard the opportunity to purchase a complete personal security system on the following terms: $50 per week for 78 weeks. If
Dwight Schrute offers Andy Bernard the opportunity to purchase a complete personal security system on the following terms: $50 per week for 78 weeks. If Schrute would normally sell the surveillance equipment for $2000, what is the Effective Annual Rate (EAR) that is implied by Schrutes offer to Bernard?
240%
101%
154%
172%
348%
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
