Question
Jason wants to purchase a new computer. Plan 1: He can pay $750 down and $1256.25 at the end of two years. Plan 2: He
Jason wants to purchase a new computer. Plan 1: He can pay $750 down and $1256.25 at the end of two years. Plan 2: He can pay $82.50 at the end of each month for two years. If money is worth 5% interest compounded monthly to Jason...
a)...which is the better deal? b) By how much NOW? Assume that at the end of 2 years, Jason will have completely paid off the new computer with either plan.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
