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OD. $1,409.92 A furniture store is offering free credit on purchases over $1,000. You observe that a big-screen television can be purchased for nothing down
OD. $1,409.92 A furniture store is offering free credit on purchases over $1,000. You observe that a big-screen television can be purchased for nothing down and $3,800 due in one year. The store next door offers an identical television for $3,650 but does not offer credit terms. Which statement below best describes the cost of the "free" credit? A. 3.58% B. 9.13% C. 9.59% D. 4.11%
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