Question
You go to PayLater to buy an appliance. PayLater tells you that if you pay now, it will give you a discount of 20% off
You go to PayLater to buy an appliance. PayLater tells you that if you pay now, it will give you a discount of 20% off the list price. Otherwise, you will have to pay the list price in one year. What effective annualized interest rate or annual percentage yield (APY) is the store charging?
- 20% APY
- 16.67% APY
- 25% APY
- 21% APY
- None of the above
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Multicriteria Decision Making Systems Modeling Risk Assessment And Financial Analysis For Technical Projects
Authors: Timothy Havranek, Doug MacNair, James Wolf
3110765640, 978-3110765649
