The cash price of a desktop 3D printer is $1,999.01. The dealer is willing to accept a

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The cash price of a desktop 3D printer is $1,999.01. The dealer is willing to accept a $800 down payment and 3 annual payments of $450 each.
At what effective interest rate are these terms equivalent?

Related Book For answer-question

Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Aug 03, 2020 01:09 PM

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The cash price of a desktop 3D printer is $1,999.01. The dealer is willing to accept a

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Engineering economy

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