Ivanhoe Inc. has completed the purchase of new Dell computers. The fair value of the equipment is…

Ivanhoe Inc. has completed the purchase of new Dell computers. The fair value of the equipment is…


Ivanhoe Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $750,200. The purchase agreement specifies an immediate down payment of $202,800 and semiannual payments of $67,489 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction?

Ivanhoe Inc. has completed the purchase of new Dell computers. The fair value of the equipment is…

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