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Question 3 Bonita Industries is purchasing new equipment with a cash cost of $211800 for the assembly line. The manufacturer has offered to accept $45800

Question 3

Bonita Industries is purchasing new equipment with a cash cost of $211800 for the assembly line. The manufacturer has offered to accept $45800 payments at the end of each of the next six years. What is the interest rate that Bonita Industries will be paying?

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6%.

7%.

8%.

9%.

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