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Business, 25.02.2020 01:44 nickocasamplonp6mlob

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 $ 1,450 TV today, you will owe them $ 1,450 in one year.
If your bank is offering 4.5 % interest, what is the true cost of the TV to you today?

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