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7. Your cost of capital is 18% APR (compounded monthly). You work for an appliance store. The normal selling price of a particular living room

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7. Your cost of capital is 18% APR (compounded monthly). You work for an appliance store. The normal selling price of a particular living room set is $5,000 when paid in full in cash at the time of the sale. Just for today, you are planning to run a zero-interest financing 'sale' during which you will allow the ' 0% sale', you will 24 equal monthly payments, interest-free, beginning a month from today. During the price have to be in change the sticker price of the item. During the ' 0% sale', what would the sticker price have to be in order for you to receive the equivalent of your normal selling price

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