Question: Question Help The local electronics store is offering a promotion 1-year same as cash, meaning that you can buy a TV now, and wait a
Question Help The local electronics store is offering a promotion "1-year same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $1,350 TV today, you will owe them $1,350 in one year. If your bank is offering 4.1% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is SIN (Round to the nearest cont.)
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