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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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
