Question
You need to borrow $3,000 to buy a powerboat. The boat dealer offers (low, low) monthly payments of $99 for 36 months with an additional
You need to borrow $3,000 to buy a powerboat. The boat dealer offers (low, low) monthly payments of $99 for 36 months with an additional balloon payment of $300 in the last month. What interest rate is the dealer charging you?
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Accounting Principles Part 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306791, 978-1118306796
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