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The local eiectronics store is offering a promotion 1-year same as cash, meaning that you can buy a TV now, and wait a year lo

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The local eiectronics store is offering a promotion "1-year same as cash," meaning that you can buy a TV now, and wait a year lo pay (with no interost, So, if yeu take homb a $1,100 TV sday, you will owe them $1,100 in one year. If your boenk is offering 3.6% interest, what is the true cost of the TV to you today? The true cost of the TV to you today is 5 (Found to the nearest cent.)

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