Question
Your firm buys a $40,000 tractor from supplier. This supplier offers you three payment plans. Today In 6months In 1 year Plan A $24,000 $8,000
- Your firm buys a $40,000 tractor from supplier. This supplier offers you three payment plans.
Today In 6months In 1 year
Plan A $24,000 $8,000 $8,000
Plan B $20,000 0 $20,000
Plan C $20,000 $13,000 $7,000
To be clear, in plan A, you would pay $24,000, today $8,000 in 6 months, and the final $8,000 in 1 year. Assume, you will definitely need to pay in full. There is no chance the supplies goes out of business.
Which payment plan would you choose, why??
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Foundations Of Statistics For Data Scientists With R And Python
Authors: Alan Agresti
1st Edition
0367748452, 978-0367748456
