Question: Corrie bought a new flat screen 7 0 inch television and a speaker system from a local electronics store on credit. The store will charge
Corrie bought a new flat screen inch television and a speaker system from a local electronics store on credit. The store will charge per year compounded monthly. Their monthly payments are $ for years. What is the cash price of her purchase? Identify the type of problem.
a Future Value with compound interest
b Present Value with compound interest
c Present Value of an Annuity
d Future Value of an Annuity
e Future Value with simple interest
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