Business, 07.12.2021 17:50, jadenmenlovep7s7uj

1. You are considering buying the latest stereo system model. The dealer in "The Stereo World" store has offered you two payment options. You can either pay $10,000 now, or you can take advantage of their special deal and "buy now and pay a year from today," in which case you will pay $11,100 in 1 year. Calculate the effective annual interest rate (EAIR) of the store's special deal.

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1. You are considering buying the latest stereo system model. The dealer in "The Stereo World" store...