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stranahan stranahan
wrote...
Posts: 3324
7 years ago
A furniture store has a sofa on sale for $399.00, with the payment due one year from today. The store is willing to discount the price at an annual rate of 5% if you pay today. What is the amount if you pay today?
A) $419
B) $394
C) $380.
D) $399
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
Read 535 times
4 Replies
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Answer verified by a subject expert
Decrepit_Decrepit_
wrote...
Posts: 259
7 years ago
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stranahan Author
wrote...
7 years ago
Thank you very much for this. It's really helpful.
wrote...
4 years ago
thanks ya
wrote...
3 years ago
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