Question: - 21) You are purchasing a TV and can pay for it in one of two ways a) Pay now and receive a 30% discount

 - 21) You are purchasing a TV and can pay for

- 21) You are purchasing a TV and can pay for it in one of two ways a) Pay now and receive a 30% discount off full retail b) Pay in six months and receive a 25% discount off full retail At what effective rate of annual interest are these two payment methods equivalent

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