Question: Solve in Excel : Some laboratory equipment sells for $ 75,000. The manufacturer offers financing at 8% with annual payments for 4 years for up

Solve in Excel :

Some laboratory equipment sells for $ 75,000. The manufacturer offers financing at 8% with annual payments for 4 years for up to $ 50,000 of the cost . The salesman is willing to cut the price by 10 % if you pay cash . What is the interest rate you would pay by financing ?

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