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Determine which of the two investment projects a manager should choose if the annual interest (discount) rate is 2%. The first project promises a profit
Determine which of the two investment projects a manager should choose if the annual interest (discount) rate is 2%. The first project promises a profit of $100,000 in the end of each year over the next four years, while the second project promises a profit of $70,000 in the end of each year over the next six years. Which project should be selected?
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