Roommates are insisting that you replace it right away

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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.)

Reference no: EM131965809

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