Business, 09.04.2021 03:30 cancerbaby209

Grouper Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $675,803. The purchase agreement specifies an immediate down payment of $164,000 and semiannual payments of $63,101 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction?

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Grouper Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $6...