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A person is selling land and receives three offers: Offer 1: Receive $210,000 in cash today Offer 2: an advance of $100,000; in 6 months,
A person is selling land and receives three offers: Offer 1: Receive $210,000 in cash today Offer 2: an advance of $100,000; in 6 months, a payment of $80,000 and in 10 months, another payment of $75,000. If the rate is 15.4% annually compounded monthly, which of the two offers is best for Alonso?
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Authors: Mike Hartley ,Hannah Rosenstein
1st Edition
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