10. Rework Problem 9, assuming that the annual interest rate is 10% and that the decisions are...
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10. Rework Problem 9, assuming that the annual interest rate is 10% and that the decisions are made considering the time value of money. [Note: You need compound interest tables to solve this problem. You can use Excel function NPV(i, R) to compute the present value of cash flows stored in range R for an interest rate i. NPV assumes that each cash flow occurs at the end of the year.]
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