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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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