Consumer purchasing refrigerator is offered two payment plan

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Reference no: EM131826564

A consumer purchasing a refrigerator is offered two payment plans:

plan A: 150 down, 200 after 1 year, 250 after 2 years

plan B: 87 down, 425 after 1 year, 50 after 2 years

Determine the range of interest rates for which plan A is better for the consumer.

Reference no: EM131826564

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