Question
You are looking for a new truck and see the following advertisement. Own a new truck! No money down. Just five easy annual payments of
You are looking for a new truck and see the following advertisement. Own a new truck! No money down. Just five easy annual payments of $8000. You know that you can get the same truck from the dealer across town for only $31,120. The interest rate for the deal advertised is closest to:
A) 8.5% B) 8% C) 9% D) 10%
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
