Mrs. Maria purchases a new washing machine financed as follows: An initial payment of 30% and a
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Mrs. Maria purchases a new washing machine financed as follows: An initial payment of 30% and a payment of $4,179,183 six months later. What is the value of the washing machine if the financing was carried out at an interest rate of 36.2% simple per year?
Related Book For
Essentials of Accounting for Governmental and Not for Profit Organizations
ISBN: 978-1259741012
13th edition
Authors: Paul A. Copley
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