Multiple Choice
Charlie Corp. is purchasing new equipment with a cash cost of $250,000 for the assembly line. The manufacturer has offered to accept $57,400 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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