Question
A man can buy a piece of land for $400000 cash, or by payments of $230000 down and $200000 in 5 years. If he can
A man can buy a piece of land for $400000 cash, or by payments of $230000 down and $200000 in 5 years. If he can earn interest rate of 4% compounded semi-annually, which plan is better?
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Calculus With Applications
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
10th Edition
0321831101, 9780321831101
