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You have two options of paying for your new dishwasher ,you can either make a single payment of $400 today,or you can pay $70 for
You have two options of paying for your new dishwasher ,you can either make a single payment of $400 today,or you can pay $70 for the next 6 months, with the first payment made today .what is the effective annual interest rate (EAIR) of the second option?
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
