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Mike Macaro is selling a piece of land. Two offers are on the table. Morton Company offered a $ 4 1 , 0 0 0

Mike Macaro is selling a piece of land. Two offers are on the table. Morton Company offered a $41,000 down payment and $35,100 a year for the next 6 years. Flynn Company offered $25,500 down and $38,100 a year for the next 6 years. Assume money can be invested at 7% compounded annually.

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