P 3-16 (similar to) Question Help The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $1,300 TV today, you will owe them $1,300 in one year. If your bank is offering 4.2% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is $ (Round to the nearest cent.)