If a furniture retailer offers a financing plan on a

Question # 00700939 Posted By: neil2103 Updated on: 06/23/2018 05:54 PM Due on: 06/23/2018
Subject Finance Topic Finance Tutorials:
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If a furniture retailer offers a financing plan on a $1500 purchase requiring four equal quarterly payments of $400 including the first payment on the purchase date, what effective rate of interest is being charged on the unpaid balance? Interim calculations should be to 4 decimal places; final answer to .01%
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  1. Tutorial # 00700750 Posted By: neil2103 Posted on: 06/23/2018 05:54 PM
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