A table saw costs $175 at a local store. You may either pay cash for it or

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A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 07:05 AM

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A table saw costs $175 at a local store. You may either pay cash for it or

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175 35 1264 PA i 12 P...View the full answer

Engineering Economic Analysis

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