Multiple Choice
A furniture store offers no money down and no payment for one year.You decide to purchase a couch,which you will take home today,and pay the $2,000 purchase price one year from now.If interest rates are 4.5%,what is the NPV of this offer?
A) -$2000
B) $2000
C) $90
D) $0
E) $86.12
Correct Answer:
Verified
Correct Answer:
Verified
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