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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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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