At what effective interest rate are these terms
The cash price of a machine tool is $3500. The dealer is willing to accept a $1200 down payment and 24 end-of-month monthly payments of $110 each. At what effective interest rate are these terms equivalent?
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a new car dealer advertises financing at 0 interest over 4 years with monthly payments or a 3000 rebate if you pay
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a local bank makes auto loans it charges 4 per year in the following manner if 3600 is borrowed to be repaid over a
the cash price of a machine tool is 3500 the dealer is willing to accept a 1200 down payment and 24 end-of-month
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question - a family friend has asked your help in analyzing the operations of three anonymous companies operating in
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