The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $ 1,450 TV today, you will owe them $ 1,450 in one year.
If your bank is offering 4.5 % interest, what is the true cost of the TV to you today?

The correct answer is $1,387.56.

Explanation:

According to the scenario, the given data are as follows:

Amount to be paid = $1,450

Rate of interest = 4.5%

Time = 1 year

So, we can calculate the true cost of TV today by using following formula:

Cost of TV today =

=

=

= $1,387.56 (approx.)

Hence, the true cost of the TV to you today is $1,387.56.

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.