What price will a finance company pay to a merchant for a conditional sale contract that requires

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What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $249, with the first payment due six months from now? The finance company requires a return of 16.5% compounded monthly.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:37 AM

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What price will a finance company pay to a merchant for a conditional sale contract that requires

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The finance company will pay the present value of ...View the full answer

Business Mathematics In Canada

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