Multiple Choice
Nick has a choice to pay $1499 for a TV now or pay $1599 3 years from now. What should be the minimum interest rate at which Nick should invest $1499 to make a decision to pay 3 years from now?
A) 2.176%
B) 6.528%
C) 0.725%
D) 6.67%
E) 3%
Correct Answer:
Verified
Correct Answer:
Verified
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