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A rent to own shop receives $150 each month as payment for furniture that was sold to customers. The customers will continue to pay this
A rent to own shop receives $150 each month as payment for furniture that was sold to customers. The customers will continue to pay this amount every month for 3 years. An investor has offered to purchase this contract from you for the sum of $5500 today. If you could invest this amount at 3% per year, compounded monthly, should you accept or reject the investors offer?
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