Some laboratory equipment sells for 75000 the manufacturer


Some laboratory equipment sells for $75,000. The manufacturer offers financing at 8% with annual payments for 4 years for up to $50,000 of the cost. The salesman is willing to cut the price by 10% if you pay cash. What is the interest rate you would pay by financing

Request for Solution File

Ask an Expert for Answer!!
Econometrics: Some laboratory equipment sells for 75000 the manufacturer
Reference No:- TGS0584621

Expected delivery within 24 Hours