Question: Luigi purchases a new tablet computer during a sale that advertised, No payment until 2017. The payment contract that he signs states that he has

Luigi purchases a new tablet computer during a sale that advertised, “No payment until 2017.” The payment contract that he signs states that he has agreed to pay $549 on February 10, 2017. If money is worth 9.8%, what is the equivalent cash price if the purchase date is five months before?

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