Question
Matt will sell you a new thing for $2,000. The deal is 10% down and the rest payable in four equal annual payments that include
Matt will sell you a new thing for $2,000. The deal is 10% down and the rest payable in four equal annual payments that include interest at 2%. You called the bank and they said that they would charge you 10% for a similar loan. How much are you really paying for the thing under Matt's deal?
| A. | $ 1,372.88 | |
| B. | $ 1,498.47 | |
| C. | $ 1,698.47 | |
| D. | $ 1,800.00 | |
| E. | $ 2,000.00 |
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Financial Accounting For OHADA Member States Volume 1
Authors: Michael Forzeh Fossung
1st Edition
3330328037, 978-3330328037
