The owner of a residential building lot has received two purchase offers. Mrs. A is offering a
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The owner of a residential building lot has received two purchase offers. Mrs. A is offering a $20,000 down payment plus $40,000 payable in one year. Mr. B's offer is $15,000 down plus two $25,000 payments due one and two years from now. Which offer has the greater economic value if money can earn 3.5% compounded quarterly? How much more is it worth in current dollars?
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EDNE BECERA
I am a graduate of BS Chemical Engineering at STi-West Negros University way back 2006. After review for and passing the board exam, i started working for a Japanese plating company as a Quality Assurance In-charge, and alter on promoted to a vacant position in the Environment Department, where until now, I am working in that field. I really love teaching even when I was a college student, so I started doing part-time tutorial jobs for 2 high-school students. Eventually, when I started working, i still enjoy much of my extra hours with elementary and some high-school students, teaching them on match and science subjects.
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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