If you can earn 7% on money, is it better to pay $1990 cash for an...

 

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If you can earn 7% on money, is it better to pay $1990 cash for an item or to pay $2090 in a year? Give the cash equivalent of the savings resulting from adopting the better plan. If you can earn 7% on money, is it better to pay $1990 cash for an item or to pay $2090 in a year? Give the cash equivalent of the savings resulting from adopting the better plan.

Answer rating: 100% (QA)

To determine whether it is better to pay 1990 in cash or 2090 in a year we need to consid... View the full answer