Question: 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

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

$1,250

TV today, you will owe them

$1,250

in one year. If your bank is offering

3.6%

interest, what is the true cost of the TV to you today?

The true cost of the TV to you today is

$nothing.

(Round to the nearest cent.)

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