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A local sports franchise playing in a major league has great plans for Alberta. By taking advantage of an economic exuberance era, it has requested
A local sports franchise playing in a major league has great plans for Alberta. By taking advantage of an economic exuberance era, it has requested construction firms to submit proposals for the construction of a brandnew stadium. In fact, three construction bids have been received for that endeavor. The following information is provided below.
Interest Rate APR compounded daily
Proposed Construction Bids
Construction Schedule EndofPeriod Values
Months to $ $ $
Month $ $ $
Month $ $ $
Months to $ $ $
Months to $ $ $
AIn light of the information above, compute the applicable harmonized effective rate note: please consider that a month has thirty days
B In light of the information above, compute the present value of the three construction bids. Which one should be chosen?
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