Question
You are considering the purchase of new living room furniture that costs $1,140. The store will allow you to make weekly payments of $25.12 for
You are considering the purchase of new living room furniture that costs $1,140. The store will allow you to make weekly payments of $25.12 for one year to pay off the loan. What is the EAR of this arrangment?
Can someone show me how this would be done on a normal calculator?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
