Multiple Choice
Charlie Corp. is purchasing new equipment with a cash cost of £125,000 for the assembly line. The manufacturer has offered to accept £28,700 payments at the end of each of the next six years. What is the interest rate that Charlie Corp. will be paying?
A) 8%
B) 9%
C) 10%
D) 11%
Correct Answer:
Verified
Correct Answer:
Verified
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