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A young couple owns a block of land worth $325 000. They are offered a 20% deposit and 2 equal payments of $150 000 each
A young couple owns a block of land worth $325 000. They are offered a 20% deposit and 2 equal payments of $150 000 each at the end of years 2 and 4. If money is worth j2 = 4% for the first 2 years and j4 = 6% for the next 2 years, should they accept the offer?
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