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Rainbow bought a new home entertainment system today from Andre's Electronics. She will pay $ 2 , 0 0 0 to Andre's Electronics today, receive
Rainbow bought a new home entertainment system today from Andre's Electronics. She will pay $ to Andre's Electronics today, receive a cash rebate of $ from Andre's
Electronics in years, pay $ to Andre's Electronics in years, and receive a cash rebate of $ from Andre's Electronics in years. If the discount rate is percent,
then what is the present value of the cash flows associated with this transaction? Note: the correct answer is less than zero. Round your answer to the nearest cent.
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