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A LOCAL FURNITURE STORE IS ADVERTISING IN WHICH YOU BUY A $5,200 living room set with threee years before need to make any payment (no
A LOCAL FURNITURE STORE IS ADVERTISING IN WHICH YOU BUY A $5,200 living room set with threee years before need to make any payment (no interest cost in incurred ) how much money would you have to deposit now in a savings account earning 5 percent APR, compounded monthly, to pay the $5,200 bill in three years? how much you have to deposit in the savings account each month to be able to pay the bill?
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