Sunday, November 06, 2011

Calculation of interest rate

Courts advertised a 42" HD LED TV for a cash price of $799 and gives an option to pay in weekly installments of $7.91 over 48 months. What rate of interest is included in this plan? Do you calculation and check your answer here. http://tankinlian.com/Redirect.aspx?PK=a2b03a8458f4102f8aebde1ae83d78a1


2 comments:

Anonymous said...

That would be a total payment of $1,645.28 and even without taking into consideration of time and NPV, it is already shocking enough.

Anonymous said...

It's over 42% per year"

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