Question
Annette is considering two offers on her house in Rutland. The first offer is $404994.54 which includes 10% down, 45% to be paid in 1
Annette is considering two offers on her house in Rutland. The first offer is $404994.54 which includes 10% down, 45% to be paid in 1 year and the remainder to be paid in 2.5 years. The second offer is for $378768.51 with 50% down and the remainder to be repaid in 1 year. The rate of interest is 5.69% per year compounded monthly. What is the value today of Annette's first offer?
Annette is considering two offers on her house in Rutland. The first offer is $401987.07 which includes 10% down, 45% to be paid in 1 year and the remainder to be paid in 2.5 years. The second offer is for $383903.28 with 50% down and the remainder to be repaid in 1 year. The rate of interest is 7.92% per year compounded monthly. What is the value today of Annette's second offer?
Annette is considering two offers on her house in Rutland. The first offer is $401092.61 which includes 10% down, 45% to be paid in 1 year and the remainder to be paid in 2.5 years. The second offer is for $378451.53 with 50% down and the remainder to be repaid in 1 year. The rate of interest is 7.62% per year compounded monthly. What is the value today of the offer Annette should accept?
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