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Tahir want to buy a land worth $40,000. if Tahir choose not to pay cash then he can pay $10,000 yearly for 4 years. Which

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Tahir want to buy a land worth $40,000. if Tahir choose not to pay cash then he can pay $10,000 yearly for 4 years. Which option is better if the rate (12pt) 1. 10% compound semi-annually for 4 years (4pt) 2. 10% compound semi-annually for the first year, this rate increase 1% each year. (8pt) 3

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