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JTM is considering purchasing a new 3-D printer costing $665,000. The manufacturer is offering a payment plan in which JTM pays 10% down and finances
| JTM is considering purchasing a new 3-D printer costing $665,000. The manufacturer is offering a payment plan in which JTM pays 10% down and finances the rest over 24 months at $27,000/month. What is the implicit financing rate? If JTM's WACC is 7.0%, should it accept the financing offer? | Price | Implicit cost of credit | |||||||||
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
