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Title: An appliance store advertises a stove for $747.50 with nothing down, no payments and no interest for ... Post by: Lada on Nov 26, 2017 An appliance store advertises a stove for $747.50 with nothing down, no payments and no interest for six months. Determine the cash value the store would be willing to accept if on a six-month investment, it can earn an interest of 4%.
Title: Re: An appliance store advertises a stove for $747.50 with nothing down, no payments and no interest ... Post by: yacom on Nov 26, 2017 S = 747.50; r = 0.04; t = = 0.5 years
P = = = $732.84 |