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Lets considered the purchase of a computer with a price of $999 paid for in installments over 4 years at an add-on rate of14%. Use
Lets considered the purchase of a computer with a price of $999 paid for in installments over 4 years at an add-on rate of14%. Use the APR formula to approximate the APR. Write your answer to two decimal places
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
