Question
you are considering buying a new big screen TV from the big electronic co. big has offered to finance your purchases by extending credit to
you are considering buying a new big screen TV from the big electronic co. big has offered to finance your purchases by extending credit to you. the term of the credit are 12 easy monthly payments of $95. if you choose to finance this purchase, rather than pay the cash price of $850, what would your annual interest on this loan be?
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
