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Rocky and Adrien are selling their house. Offer #1 puts $8000 down and pays the lump sum $145703 in 4 months. Offer #2 puts $8000
Rocky and Adrien are selling their house. Offer #1 puts $8000 down and pays the lump sum $145703 in 4 months. Offer #2 puts $8000 down and pays the lump sum $150513 in 12 months. At what rate of interest would Adrien and Rocky be indifferent to the two offers (use today as a focal date)?
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