Tvrsquos r yours is advertising a deal in which you buy a, Financial Management

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Tvrsquos r yours is advertising a deal in which you buy a

TV’s R Yours is advertising a deal, in which you buy a flat screen TV for $4,769 (including tax) with one year before you need to pay (no interest is incurred if you pay by the end of the one year). How much would you need to deposit at the end of each month in a savings account earning 1.2% APR, compounded monthly, to be able to pay the $4,769 bill in one year?

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Financial Management: Tvrsquos r yours is advertising a deal in which you buy a

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Financial Management: Tvrsquos r yours is advertising a deal in which you buy a

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