Question
Leo's Furniture is offering a houseful of furniture for $7,777. A promotion offers a customer the option of making a down payment of $777 and
Leo's Furniture is offering a "houseful of furniture" for $7,777. A promotion offers a customer the option of making a down payment of $777 and the balance of $7000 payable in 2 years. What is the equivalent value of the promotional offer today if money is worth 24% compounded monthly?
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Elementary Linear Algebra with Applications
Authors: Howard Anton, Chris Rorres
9th edition
471669598, 978-0471669593
