In: Finance
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4. An industrial grade lazer printer with the retail price is offered for $3,900. If the sale is for 36 months with $135 per monthly payments, what is the interest rate? |
A. 14.15 percent |
B. 14.90 percent |
C. 15.60 percent |
D. 18.75 percent |
E. 19.15 percent |