Question
To settle a $640 invoice, Anna can pay $630 now or the full amount 60 days later. a. Which alternative should she choose if money
- To settle a $640 invoice, Anna can pay $630 now or the full amount 60 days later.
a.
Which alternative should she choose if money can earn8 ?
Pay
$630 now? Pay full amount 60 days later?
b.
What rate would money have to earn for Anna to be indifferent between the alternatives?(Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Stats Data And Models
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
