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CALCULATE USING EXCEL. SHOW THE STEPS 5. Your auto dealer gives you a choice: Choice1: Paying $15,500 cash now. Choice2: Making three payment: $8,000 now
CALCULATE USING EXCEL. SHOW THE STEPS
5. Your auto dealer gives you a choice: Choice1: Paying $15,500 cash now. Choice2: Making three payment: $8,000 now and $4,000 at the end of the following two years If your cost of money is 8%, which do you prefer?
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