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You are considering two home security companies for your new house. The first company offers free installation and equipment, but will charge you $ 4
You are considering two home security companies for your new house. The first company offers free installation and equipment, but will charge you $ per year forever. The second company charges $ for installation, but will charge you $ per year forever. Assume that payments are at the END of the year. Your personal interest rate is per year, and you want to evaluate each proposal.
What is the PV of the paid installation? This answer will be a NEGATIVE as you are spending cash for the system without receiving any payoffs
Answer Format: Currency: Round to: decimal places.
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