A home improvement sales representative is offering you a great deal on window replacement. He says, "For only three annual end-of-the year payments of $6,700, you can replace all your windows now." If you can borrow money a 4.5% to finance the project, what is the price of window replacement project today?

If you are to make the payment at the beginning of the year, what is the price of the window replacement project today?

Answer rating: 100% (QA)

To determine the price of the window replacement project today we need to calculate the present valu... View the full answer