Question
What price will a finance company pay to a merchant for a conditional sale contract that requires 18 monthly payments of $281 beginning in eight
| What price will a finance company pay to a merchant for a conditional sale contract that requires 18 monthly payments of $281 beginning in eight months? The finance company requires a rate of return of 15% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| The finance company will pay | $ |
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Applied International Finance I Managing Foreign Exchange Risk
Authors: Thomas O'Brien
2nd Edition
1947441280,1947441299
