William Figueroa

Business

26 April, 03:23

Dubois inc. has completed the purchase of new dell computers. the fair value of the equipment is $824,150. the purchase agreement specifies an immediate down payment of $200,000 and semiannual payments of $76,952 beginning at the end of 6 months for 5 years. what is the interest rate, to the nearest percent, used in discounting this purchase transaction?

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