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Homework answers / question archive / You want to buy a new laptop and you are given the payment scheme: 4,317 cash down payment and 4,754

You want to buy a new laptop and you are given the payment scheme: 4,317 cash down payment and 4,754

Accounting

You want to buy a new laptop and you are given the payment scheme: 4,317 cash down payment and 4,754.5 at every end of the month for the next 1 years. If money is worth 4.66 % compounded monthly, how much is the laptop worth today? Round off to 2 decimal places.

Option 1

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2.87 USD

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Option 2

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