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Alpha Finance Company is coming with an option of accepting Rs. 10,000 now and paying a sum of Rs. 1,60,000 after 20 years. Beta
Alpha Finance Company is coming with an option of accepting Rs. 10,000 now and paying a sum of Rs. 1,60,000 after 20 years. Beta Finance Company is coming with a similar option of accepting Rs. 10,000 now and paying a sum of Rs. 3,00,000 after 25 years. Compare and select the best alternative based on the future worth method of comparison with 15% interest rate, compounded annually.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
