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An investor holds a time-payment purchase contract on some machine tools. The contract calls for payment of $140 at the end of each month for
An investor holds a time-payment purchase contract on some machine tools. The contract calls for payment of $140 at the end of each month for a five-year period. The first payment is due in one month. He offers to sell you the contract for $6,800 cash today. If you otherwise can make 1%per month, would you accept or reject the investor's offer
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