You are purchasing a car from your grandparents. You agree topay them $2000 today and...

You are purchasing a car from your grandparents. You agree to pay them $2000 today and $2000 per year for the next 3 years. If the Kelly Blue Book value of the car is $7,200, what is the implied interest rate you are paying your grandparents?

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jeff jeffy answered 1 year ago

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