Leons advertises a bed room set for $1495 with nothing down, no payments and no interest for 6 months. What cash price should the store be willing to accept if, on a 6 month investment, Leons can earn a rate of 9%?
A) $1629.55
B) $1562.28
C) $1371.56
D) $1430.62
E) $1495

Question

Quizplus · Accepted Answer

The Answer of Leons advertises a bed room set for $1495 with nothing down, no payments and no interest for 6 months. What cash price should the store be willing to accept if, on a 6 month investment, Leons can earn a rate of 9%?
A) $1629.55
B) $1562.28
C) $1371.56
D) $1430.62
E) $1495

Leons Advertises a Bed Room Set for $1495 with Nothing