What cash price should duncan accept on a tv set listed

Reference no: EM13259217

On September 10 Duncan Stereo and TV advertised that any TV set might be purchased with nothing down, no interest, and nothing to pay until next year (January 2). What cash price should Duncan accept on a TV set listed at $1195 if Duncan could use the cash to pay off debt now, on which it pays a 13.5% simple rate of interest ?

Reference no: EM13259217

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