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George is offered a deal that pays him $7000.00 quarterly for 7 years. To secure the contract, he must pay $80 000.00 upfront and then
George is offered a deal that pays him $7000.00 quarterly for 7 years. To secure the contract, he must pay $80 000.00 upfront and then pay $60 000.00 3 years from now. If interest is 6% compounded quarterly, should George accept or reject this deal? a) The contract should be accepted b)The contract should be rejected c)The contract should be reviewed with the manager to make a decision
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