Question 2 From an advertisement of property development company, Mary learnt that the (Total 20 following payment schedule is offered for a property with selling price of marks) $4,000,000:- Plan (A) 1 Down payment of $400,000 upon signing of provisional sales and purchase agreement; Payment of $1,000,000 will be paid after one year; (iii) A final payment of the remaining balance when the property is ready for occupancy as at the end of the second year. Plan (B) Purchaser will enjoy a discount of 8% if he/she makes full payment at the time of signing of the provisional sales and purchase agreement. Assume that the interest rate is 5%. Which Plan is recommended to Mary in terms of time value of money