How many limousines to buy if real interest rate is given
After paying all non-interest expenses, the owner expects to net $10 per rental. Each limousine costs$50,000. How many limousines should he purchase if the real interest rate is 4.5%? If the real interest rate is 5.5%.
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Each limousine costs$50,000. How many limousines should he purchase if the real interest rate is 4.5%? If the real interest rate is 5.5%.
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