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(1 point) Jimmy owns a piece of land worth $340000. Bill wants to buy the land from Jimmy by offering him a 10% deposit on

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(1 point) Jimmy owns a piece of land worth $340000. Bill wants to buy the land from Jimmy by offering him a 10% deposit on the land and 2 equal payments of $159500 at the end of every 2 years for the next 4 years. If money is worth j12 = 5.5% for the 1st 2 years and j2 = 4.75% afterwards, should Jimmy accept the offer? Based on your decision how much money would Jimmy make (or save) at the time of the last payment by his decision

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