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A piece of property may be acquired by making an immediate payment of $ 2 5 0 0 0 and payments of $ 3 7
A piece of property may be acquired by making an immediate payment of $ and
payments of $ and $ three and years from now, respectively Option
Alternatively, the property may be purchased by making quarterly payments of $ in
advance for years Option Money is worth compounded semiannually. Which
option is preferable?
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