Osgood Appliance Centre is advertising refrigerators for six monthly payments of $199, including a payment on the
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Osgood Appliance Centre is advertising refrigerators for six monthly payments of $199, including a payment on the date of purchase. What cash price should Osgood accept if it would otherwise sell the conditional sale agreement to a finance company to yield 18% compounded monthly?
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Osgood should accept a cash price that would put it in the same financi...View the full answer
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