Luigi purchases a new tablet computer during a sale that advertised, No payment until 2019. The payment contract that he signs states that he has agreed to pay $549 on February 10, 2019. If money is worth 9.8%, what is the equivalent cash price if the purchase date is five months before?
Luigi purchases a new tablet computer during a sale that advertised, "No payment until 2019." The payment contract that he signs states that he has agreed to pay $549 on February 10, 2019. If money is worth 9.8%, what is the equivalent cash price if the purchase date is five months before?
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
ISBN: 978-0134141084