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Dreams do come true David found a pair of retro Jordan's at a great price of $1,225 . The shoe store is offering a 0%

Dreams do come true David found a pair of retro Jordan's at a great price of

$1,225

. The shoe store is offering a

0%

interest financing deal allowing him to take the shoe's home today and pay for it in full 3 years from now. David'd money currently is in an account earning an annual interest rate of 5.9 percent. If he takes advantage of the free financing, what is the true cost of the shoes to today?

image text in transcribed
Dreams do come true David found a pair of retro Jordan's at a great price of $1,225. The shoe store is offering a 0% interest financing deal allowing him to take the shoe's home today and pay for it in full 3 years from now. David'd money currently is in an account earning an annual interest rate of 5.9 percent. If he takes advantage of the free financing, what is the true cost of the shoes to today

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