You want to buy a piece of land and the owner would sell it

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You want to buy a piece of land and the owner would sell it to you for $120,000 cash. Alternatively, he would let you pay for it with four annual installments of $32,000 each, the first one due right now. What is the implied interest rate here.

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You want to buy a piece of land and the owner would sell it

Reference no: EM13376835

Reference no: EM13376835

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