3. Crazy Davy's Stereos offers a stereo system for $599 and offers one year with no interest and no payments. The current interest rates are 10.5% compounded monthly. You want the stereo, but you want to pay for it now, with cash. What should you offer them?

Crazy Davy's Stereos offers a stereo system for $599 and offers one year with no interest and no payments. The current interest rates are 10.5% compounded monthly. You want the stereo, but you want to pay for it now, with cash. What should you offer them