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28 November, 03:58

You've decided to buy a new computer that costs $1,500. But Best Buy will let you take the computer home without making paying the full price immediately. Rather, Best Buy will let you pay $500 now, and $500 at the end of each of the next two years. If the interest rate is 5%, how much do you need today to make sure you can make all the payments to Best Buy?

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  1. 28 November, 04:32
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    1,700 i would say is an option
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