Question: 68. Sam is considering whether to buy a second-hand specialized piece of equipment for her landscaping business for $25,000, or take the offer to finance

68. Sam is considering whether to buy a second-hand specialized piece of equipment for her landscaping business for $25,000, or take the offer to finance the purchase: the generous prior owner has offered to take 3 payments of $10,000, the first today followed by one in a year and the last in two years. If you take the generous offer to finance, what interest rate are you paying?

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