Question
Town of yours has purchased a used dump truck. It must pay the seller $430 a month at the end of each month for the
Town of yours has purchased a used dump truck. It must pay the seller $430 a month at the end of each month for the next two and a half years. Assume you can borrow at 6% per annum. What is the effective price paid for the dump truck in todays dollars?
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
