Question
An item can be purchased for $7300 cash (Deal 1). The same item can be purchased by paying $1825 down and $6205 at the end
An item can be purchased for $7300 cash (Deal 1). The same item can be purchased by paying $1825 down and $6205 at the end of 3 years (Deal 2). If money is worth 8.25% compounded monthly to the buyer... (a) ...which is the better deal? (Enter 1 or 2.) (b) ...and by how much now?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
