Question
You have choice when subscribing to our magazine. You can: a. Pay $100 now for a four year subscription b. Pay $28 at the beginning
You have choice when subscribing to our magazine. You can:
a. Pay $100 now for a four year subscription
b. Pay $28 at the beginning of each year for four years, or
b. Pay $54 today and $54 again two years from today.
Which is the best deal for you, the subscriber, if your opportunity cost of funds is 10%?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
for i 10 Pay 100 now for 4 year fubscription a Pv 100 3D O pay 28 ...
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Advanced Engineering Mathematics
Authors: ERWIN KREYSZIG
9th Edition
0471488852, 978-0471488859
