Ellie has won a lottery. The lottery offers to payment plans. Ellie is trying to decide which
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Question:
Ellie has won a lottery. The lottery offers to payment plans. Ellie is trying to decide which one of two he should accept.
Project 1 will pay $48,000 a year for 8 years.
Project 2 will pay $52,000 a year for 6 years Assuming the interest rate is 15 percent,
which plan should she select and why?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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