Question
Recently, you needed money and agreed to sell a car you had inherited at a price of $45,000 , to be paid in monthly payments
Recently, you needed money and agreed to sell a car you had inherited at a price of $45,000 , to be paid in monthly payments of $1,300 for 45months. What (annual) interest rate did you charge for financing the sale?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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