During its 50-50 Sale, Marpole Furniture will sell its merchandise for 50% down, with the balance payable

Question:

During its 50-50 Sale, Marpole Furniture will sell its merchandise for 50% down, with the balance payable in six months. No interest is charged for the first six months. What 100% cash price should Marpole accept on a $1845 chesterfield and chair set if Marpole can earn a rate of return of 10.75% on its funds?

Fantastic news! We've Found the answer you've been seeking!