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Financing is available and the terms are 10 down and

Rate of return of an annuity) Paul's Perfect Peugeot says they'll sell you a brand new Italian"Iron Man" motor scooter for $2,500. Financing is available, and the terms are 10% down and payments of $65.00 a month for 40 months. What annual interest rate is Paul charging you?

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Finance Basics: Financing is available and the terms are 10 down and

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