Bowflexs television ads say you can get a fitness machine that sells for $ 999 for $

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Bowflex’s television ads say you can get a fitness machine that sells for $ 999 for $ 33 a month for 36 months. What rate of interest are you paying on this Bowflex loan?

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Question Posted: Sep 11, 2015 07:20 AM

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Bowflexs television ads say you can get a fitness machine that sells for $ 999 for $

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Since this problem involves monthly payments there are two ways to solve it One way to solve this ...View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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