Valley Technical College needs to purchase some computers. Because the college is short of cash, Computer Sales
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Valley Technical College needs to purchase some computers. Because the college is short of cash, Computer Sales Company has agreed to let Valley have the computers now and pay $2,500 per computer six months from now. If the current cash price is $2,404, what is the rate of interest Valley would be paying?
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4 2500 2404 10400 Table I or 2404 2500 09616 Table II Ann...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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