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Exercises Problem 21 We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire
Exercises Problem 21 We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire amount by September 1, or we can pay $3,060 by September 1 and $3,000 by january 1. How does our decision depend on the interest rate at which we can invest our funds
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