Joe is negotiating the purchase of a sound system for his DJ business. He can either pay

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Joe is negotiating the purchase of a sound system for his DJ business. He can either pay $2000 now or pay $100 now and $2200 in 18 months. Which option is better if money is worth 8% compounded monthly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:47 AM

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Joe is negotiating the purchase of a sound system for his DJ business. He can either pay

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FV 220000 I Y 8 C Y 12 i 8 12 06 0006 n 18 PV 2200001...View the full answer

Contemporary Business Mathematics with Canadian Applications

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