You need to borrow $3,000 to buy a powerboat. The boat dealer offers (low, low) monthly payments

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You need to borrow $3,000 to buy a powerboat. The boat dealer offers (low, low) monthly payments of $99for 36 months with an additional balloon payment of $300 in the last month.

What interest rate is the dealercharging you?

Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: Apr 03, 2023 11:35 PM

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You need to borrow $3,000 to buy a powerboat. The boat dealer offers (low, low) monthly payments

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Financial and Managerial Accounting the basis for business decisions

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