Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

3. What is the effective interest rate for a payment plan of 30 equal payments of P89.30 per month, when a lump sum of P2,000 would have been an outright purchase?

 

choices:

27.89%

21.90%

26.82%

None

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