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An investor holds a time-payment purchase contract on some machine tools. The contract call for the payment of 6,800 at the end of each month

An investor holds a time-payment purchase contract

on some machine tools. The contract call for the

payment of 6,800 at the end of each month for a 5-

year period. The first payment is due in one month.

He offers to sell you the contact for 330,680 cash

today. If you otherwise can make 1% per month on

your money, would you accept or reject the

investor's offer?

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