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Monica Fuentes purchased a new video editing equipment costing $12,000, including taxes and delivery charges. She paid a $3,000 down, and is going to pay
Monica Fuentes purchased a new video editing equipment costing $12,000, including taxes and delivery charges. She paid a $3,000 down, and is going to pay 16 payments of $950. Find: How much interest (in percentage) did the borrower pay (I'm talking about the real interest rate)? Group of answer choices 69.99% 86.88% 68.88% 96.66%
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
9th Edition
1119754054, 9781119754053
