An oil producer has purchased a pumping unit for 30000 and


An oil producer has purchased a pumping unit for 30,000 and the loan is to be paid back in 24 equal monthly installments of 1,771.43 per month. calculate the normal interest rate charge for this financing arrangement. calculate the effective interest.

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Business Economics: An oil producer has purchased a pumping unit for 30000 and
Reference No:- TGS01650642

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