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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

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?
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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

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