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You have received two offers on a building lot that you want to sell. Ms . Armstrong s offer is $ 2 5 , 0

You have received two offers on a building lot that you want to sell. Ms. Armstrongs offer is $25,000 down plus a $420,000 lump sum payment 15 years from now. Mr. Belcher has offered $20,000 down plus $5000 at the end of every quarter for 15 years. Money can earn 7.3% compounded annually. The present value of Mr. Belchers offer is _____(16)______$. The difference between Ms. Armstrongs and Mr. Belchers offer is _____(17)____$.(please input a postive number)

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