You have to replace your roof and have the following financing options offered by different roofers for
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Question:
You have to replace your roof and have the following financing options offered by different roofers for the same job costing 18000 with a market interest rate of 3.6.
Roofer D: 3 year financing plan, monthly payments at the end of month with a 3.25 annual interest rate plus some loan costing in addition to 18000 cost of the roof.
What is the loan costing cost for roofer D?
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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