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You go to paylate to buy an appliance paylate tells you

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You go to PayLate to buy an appliance. PayLate tells you that if you pay now, you will get a discount of 20% off the list price. Otherwise, you will have to pay the list price at the end of six months. What effective annualized interest rate or annual percentage yield (APY) is the store charging?

Reference no: EM13581058

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