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Mustafa can receive a $77 discount if he pays his property taxes early. Alternatively, he can pay the full amount of $2,250 when payment is
Mustafa can receive a $77 discount if he pays his property taxes early. Alternatively, he can pay the full amount of $2,250 when payment is due in nine months. Which alternative is to his advantage if he can earn 6% compounded monthly on short-term investments? In current dollars, how much is the advantage? (Round your answer to the nearest cent.) The advantage is= $
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