Stan Slickum has a used car that can be purchased for $9,000 cash or $1,500 down payment

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Stan Slickum has a used car that can be purchased for $9,000 cash or $1,500 down payment and $800 per month for 12 months. What is the effective annual interest rate in the monthly payment plan?

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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: May 23, 2023 03:14 AM

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Stan Slickum has a used car that can be purchased for $9,000 cash or $1,500 down payment

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Engineering Economy

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