A $2500 computer system can be leased for $79 per momth.After 3 years it can be purchased

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A $2500 computer system can be leased for $79 per momth.After 3 years it can be purchased for $750. This is also the salvage value if the system was purchased originally. what is the effective annual rate for leasing the computer?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Mar 01, 2024 05:44 AM

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A $2500 computer system can be leased for $79 per momth.After 3 years it can be purchased

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To calculate the effective annual rate EAR for leasing the computer system we ne... View the full answer

Business Mathematics In Canada

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