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You want to buy the new iPhone 11 at AT&T. The cellphone costs 840 USD (Tax included) and the company offers you two ways to
You want to buy the new iPhone 11 at AT&T. The cellphone costs 840 USD (Tax included) and the company offers you two ways to buy it.
Alternative 1: pay 840 up front
Alternative 1: pay it in 12 mostly payments of 70 USD
If your opportunity cost is 0% annual interest rate monthly compounded, what option would you choose?
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