The local electronics store is offering a promotion "1-year: same as cash," meaning that you can...
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 $ 1,200 TV today, you will owe them $1,200 in one year. If your bank is offering 4.1 % interest, what is the true cost of the TV to you today? The true cost of the TV to you today is ? (Round to the nearest cent.)
Homework Answers
Cost of TV today=$1200*Present value of discounting factor(rate%,time period)
=$1200/1.041
which is equal to
=$1152.74(Approx).
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The local electronics store is offering a promotion "1-year:
same as cash," meaning that you can...
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can...
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 $1,250 TV today, you will owe them $1,250 in one year. If your bank is offering 4.1% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is (Round to the nearest cont)
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can...
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 S1,450 TV today, you will owe them $1,450 in one year if your bank is offering 3.7% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is S(Round to the nearest cent.)
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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 $1,250 TV today, you will owe them $1,250 in one year. If your bank is offering 4.1% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is (Round to the nearest cont)
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 S1,450 TV today, you will owe them $1,450 in one year if your bank is offering 3.7% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is S(Round to the nearest cent.)
+-/3 points TanFin11 5.3.038. My Notes Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $17,000 at a rate of 4.1%/year compounded monthly. Her bank is now charging 6.8%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3 years for each loan....
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