You broke your tv when the patriots lost the superbowl and


You broke your TV when the Patriot's lost the SuperBowl and your roommates are insisting that you replace it right away. You do not have the cash to buy a TV, so you are looking into renting it. You found that Rent-a-Center charges $34.99 per week for 78 weeks. After 78 weeks you will own the TV. If the relevant interest rate is 6.24%, how much are you actually paying for the TV if you rent it with these terms? (Hint: Find the Present Value of the payments.) (Enter just numbers and a decimal in your response. Round to 2 decimal places.)

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Financial Management: You broke your tv when the patriots lost the superbowl and
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