A local company is selling an LG 55 OLED Smart TV for $2327 cash or you can

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A local company is selling an LG 55" OLED Smart TV for $2327 cash or you can rent-to-own for $232.70 per month for 18 months. If you took the 18-month rent-to-own offer, what would be the APR of your loan? Draw a correct cash flow diagram.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Posted Date: Apr 16, 2021 01:07 PM

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A local company is selling an LG 55 OLED Smart TV for $2327 cash or you can

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Hence APR ... View the full answer

Money Banking and Financial Markets

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