Order the answer to: A conditional sale contract between Classic Furniture and the purchaser

Academic Help business-corporate-finance Order the answer to: A conditional sale contract between Classic Furniture and the purchaser

business-corporate-finance

Order the answer to: A conditional sale contract between Classic Furniture and the purchaser

Question A conditional sale contract between Classic Furniture and the purchaser of a dining room set requires month-end payments of $250 for 15 months. Classic Furniture sold the contract to Household Finance Co. at a discount to yield 19.5% compounded monthly. What price did Household pay Classic Furniture?
Subject business-corporate-finance
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