Business, 31.08.2021 02:20 chasewilkinson123
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $1200 TV today, you will owe them in one year. If your bank is offering interest, what is the true cost of the TV to you today?
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The local electronics store is offering a promotion "1-year: same as cash," meaning that you can b...
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