Dubois inc has completed the purchase of new dell computers


Dubois Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $824,150. The purchase agreement specifies an immediate down payment of $200,000 and semiannual payments of $70,221 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? (can you show me how to do this in excel

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Financial Management: Dubois inc has completed the purchase of new dell computers
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