Question
The price of a laptop you want is $1,899. The retailer also offers a payment plan with 12 monthly payments of $171.40. If you
The price of a laptop you want is $1,899. The retailer also offers a payment plan with 12 monthly payments of $171.40. If you chose the payment plan, what annual interest rate (APR) would you be paying? Express your answer as a percentage with 3 digits after the decimal point but omit the % sign (e.g. 13.762).
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
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