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Author Question: Misra purchases an airplane ticket to Calgary today on the airline's early bird sale for $559, ... (Read 69 times)

JMatthes

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Question 1

Leons advertises a bed room set for $1495 with nothing down, no payments and no interest for 6 months. What cash price should the store be willing to accept if, on a 6 month investment, Leons can earn a rate of 9%?
◦ $1562.28
◦ $1495
◦ $1430.62
◦ $1371.56
◦ $1629.55

Question 2

Misra purchases an airplane ticket to Calgary today on the airline's early bird sale for $559, instead of buying it for $599 four months from now. Had he not bought the ticket today, he would have invested the money in bonds yielding 9% return. What is his true savings?


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Marked as best answer by JMatthes on Jun 6, 2019

HandsomeMarc

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