A Superstore that sells consumer electronics (Foochureshop) advertises a laptop for $799.99. With taxes (14%) it totals $911.99. They also advertise 24 payments, no interest. But of course written in supersmall font; "$99.95 Admin fee applies".
My question is, for this product, what would the interset rate work out to be, in lieu of the admin fee, to total the same $99.95 over the course of 24 months?|||It's about 10.5%...not exactly but close
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