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Q5. Mary Cheung received two offers for her seaside apartment. The first offer was for 1 million today. The second offer was for an owner-financed

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Q5. Mary Cheung received two offers for her seaside apartment. The first offer was for 1 million today. The second offer was for an owner-financed sale with a payment schedule as follows: Assuming that Mary earns a return of 8% per annum on her investment, which offer should she take and why? (10\%)

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