Question
William is considering purchasing a new car. The cash purchase price for the car is $43670. What is the annual interest rate if William is
William is considering purchasing a new car. The cash purchase price for the car is $43670. What is the annual interest rate if William is required to make annual payments of $11000 at the end of the next five years?
|
| 9%. |
|
| 7%. |
|
| 8%. |
|
| 10%. |
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Payroll Accounting 20
Authors: Bernard J. Bieg, Judith A. Toland
26th Edition
1337268798, 9781337268790
