When Peter decided to sell his farm, he received two offers. If he accepts the first offer,

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When Peter decided to sell his farm, he received two offers. If he accepts the first offer, he would receive $250 000 now, $750 000 one year from now, and $500 000 two years from now. If he accepts the second offer, he would receive $600 000 now, $300 000 one year from now, and $600 000 two years from now. If money is worth 9.8%, which offer should he accept?
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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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