An appliance store advertises a sofa for $499.99 with nothing down, no payments, and no interest for

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An appliance store advertises a sofa for $499.99 with nothing down, no payments, and no interest for six months. Determine the cash value the store would be willing to accept on a six-month investment, if it can earn an interest rate of 3.5%.
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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