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need to find 23 before doing 24 Question 24 10 pts Using the information from the previous question, assume that Chad Taylor has the following

need to find 23 before doing 24

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Question 24 10 pts Using the information from the previous question, assume that Chad Taylor has the following choices to purchase the printing business: 1. Pay the maximum price determined in the previous question in cash. 2. Obtain a 10-year mortgage for the maximum price in the previous question, with annual payments of $120,000. Required: 1. What are the pros and cons for each option? 2. What is the interest rate of the mortgage? 19 3. Which payment option would you choose? Please explain your answers below. Question 24 10 pts Using the information from the previous question, assume that Chad Taylor has the following choices to purchase the printing business: 1. Pay the maximum price determined in the previous question in cash. 2. Obtain a 10-year mortgage for the maximum price in the previous question, with annual payments of $120,000. Required: 1. What are the pros and cons for each option? 2. What is the interest rate of the mortgage? 19 3. Which payment option would you choose? Please explain your answers below

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