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Posted on Oct 19, 2024

What price will a finance company pay to a merchant for a conditional sale contract that requires 15 monthly payments of $231 beginning insix months?

What price will a finance company pay to a merchant for a conditional sale contract that requires 15 monthly payments of $231 beginning insix months? The finance company requires a rate of return of 18%compounded monthly. (7 marks)

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Foundations of Finance The Logic and Practice of Financial Management

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