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The buyer of a certain machine may pay either P50k cash down payment & P10k each for the next 6 years, or pay P75k cash
The buyer of a certain machine may pay either P50k cash down payment & P10k each for the next 6 years, or pay P75k cash & P10k each for the next 6 years, starting next year. If money is worth 12% compounded bimonthly, which method is better for the buyer and by how much?
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
