Question
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
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 $ 1,000TV today, you will owe them $1,000 in one year. If your bank is offering 4 % interest, what is the true cost of the TV to you today?
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Advances In Financial Machine Learning
Authors: Marcos Lopez De Prado
1st Edition
1119482089, 978-1119482086
