Multiple Choice
Charlie Corp.is purchasing new equipment with a cash cost of $100,000 for the assembly line.The manufacturer has offered to accept $22,960 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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