Question
An apartment located on Av. Sucre in Pueblo Libre is sold with the following alternatives: a) $17,500 in cash. b) $10,000 in cash and the
An apartment located on Av. Sucre in Pueblo Libre is sold
with the following alternatives:
a) $17,500 in cash.
b) $10,000 in cash and the balance in 60 days with a draft of $7,700.
c) $8,000 in cash and the balance with two bills, one of $'6,000 at 30
days and another of $3,680 for 60 days.
d) $6,000 in cash and the balance with three letters of $4,000 with
maturities of 30, 60, and 90 days respectively.
If the customer has the cash to make the purchase in cash and
For your capital you can receive an annual simple interest rate of 24%
What is the most convenient offer? Explain.
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