Louis Banks was offered $25,000 cash now or $29,500 to be paid after two years for a

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Louis Banks was offered $25,000 cash now or $29,500 to be paid after two years for a resort cabin. If money can be invested in today's market for 4% annual interest compound quarterly, which offer should Louis accept?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:53 AM

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Louis Banks was offered $25,000 cash now or $29,500 to be paid after two years for a

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Business Math

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