The salesman is willing to cut the price by 10 if you pay, Business Economics

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The salesman is willing to cut the price by 10 if you pay

Some laboratory equipment sells for $75,000. The manufacturer offers financing at 8% with annual payments for 4 years for up to $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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Business Economics: The salesman is willing to cut the price by 10 if you pay

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Business Economics: The salesman is willing to cut the price by 10 if you pay

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