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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2608
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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A guy is selling a widget for $199 cash or in three monthly

Customer Question

A guy is selling a widget for $199 cash or in three monthly payments of 72.97 beginning on day one. What is the effective interest rate ?
Submitted: 1 year ago.
Category: Finance
Expert:  judybailey61 replied 1 year ago.

Sorry ... thought I could help, but cannot at this time.

Customer: replied 1 year ago.

I think you have to do something to return my question to the "pool" so that someone else can answer. Thanks

Expert:  PDtax replied 1 year ago.

Hi from just answer. I'm PDtax. I'll assist.

Customer: replied 1 year ago.

Thanks, ***** ***** got it.