A finance company paid a furniture retailer $1050 for a conditional sale contract requiring 12 end-of-month payments

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A finance company paid a furniture retailer $1050 for a conditional sale contract requiring 12 end-of-month payments of $100. What effective rate of return will the finance company realize on the purchase?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:52 AM

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A finance company paid a furniture retailer $1050 for a conditional sale contract requiring 12 end-of-month payments

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Business Mathematics In Canada

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