Question: Gucci lets you to purchase a new logo design for $50,000 down and $50,000 a month for 12 months. If the appropriate discount rate is

Gucci lets you to purchase a new logo design for $50,000 down and $50,000 a month for 12 months. If the appropriate discount rate is 1 percent per month, what would be the equivalent cash price today for the design?

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