Future shop is offering a special deal on TVs If you buy today, you don't need to make any payments for one year Starting one year from today, you must make 12 monthly payments of $200 (So the first payment is one year from today, and the second one, 1 month later ) If interest rates are i(12) 12 ...

SOLUTION To calculate the purchase price of the TV we need to find the present value of the 12 month ...

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Finance Applications and Theory

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Finance Applications and Theory

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