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2 March, 08:26

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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  1. 2 March, 10:23
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    824. 150 + 200.000 + 75.952 = 11,01,102$ purchase
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