Question
Question 18 Recently, Julia Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $25,000 cash
Question 18
Recently, Julia Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $25,000 cash or $6,300 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that Julia would pay if she chooses to make the five annual payments. (Round answer to 0 decimal places, e.g. 7%.)
Interest rate %??
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Water Audits And Loss Control Programs
Authors: American Water Works Association
4th Edition
1625761007, 978-1625761002
