Solved: Laboratory equipment sells for 75000 the manufacturer, Macroeconomics

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Laboratory equipment sells for 75000 the manufacturer

Laboratory equipment sells for $75,000. The manufacturer offices financing at 8% with annual payments for the 4 years for the $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?

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Macroeconomics: Laboratory equipment sells for 75000 the manufacturer

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Laboratory equipment sells for 75000 the manufacturer

Reference No:- TGS0670176

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Laboratory equipment sells for 75000 the manufacturer

Reference No:- TGS0670176

Recent Questions Asked Macroeconomics

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