You decide to use a lease to own service for a dishwasher for $29.99 per month for 24 months. The dishwasher currently sales for $499. What is the implied annual interest rate of the lease to own offer?© BrainMass Inc. brainmass.com October 25, 2018, 2:06 am ad1c9bdddf
The solution explains how to calculate the implied annual interest
Implied annual interest rate
Suppose the current Treasury bond futures contract has a quoted price of 89-09. The terms of the contract are standard (20 years, 6% coupon paid semiannually). The implied annual interest rate on the contract is
a. about 6 percent.
b. about 12 percent.
c. about 7.0 percent.
d. about 14 percent.
e. In fact, none of the answers is correct