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1. Sally wants to buy a stereo system. She is given two payment options: Option 1 Option 2 $82.56 down $250 in one year
1. Sally wants to buy a stereo system. She is given two payment options: Option 1 Option 2 $82.56 down $250 in one year $400 in two years Determine the range of interest rates for which the present value of option 1 is less than the present value of option 2. $0 down $432 in 1 year $300 in 2 years
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
