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Mathematics, 20.12.2021 14:00 iwannasleep
A down payment of $5000. and fourteen (14) monthly installments of $1650. each should be paid to purchase a television under hire purchase which can be bought at an outright purchase of $26,000. Therefore the rate of interest per annum is:
O 0.71%
O 0.86%
0 7.14% 8.57%
O None of the above
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