A&B Appliances sells a washer-dryer combination for $1535 cash. C&D Appliances offers the same combination for $1595

Question:

A&B Appliances sells a washer-dryer combination for $1535 cash. C&D Appliances offers the same combination for $1595 with no payments and no interest for six months. Therefore, you can pay $1535 now or invest the $1535 for six months and then pay $1595. What value would the annual rate of return have to exceed for the second alternative to be to your advantage?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: