Nweze7858 Nweze7858

27-02-2024
Business

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Willy, the salesman, offers to pay you $10,000 in 6 years. He says the price you must pay today is only $7,000.0. What interest rate does the deal represent?

a. 8.33%
b. 42.86%
c. 11.11%
d. 0%

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