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Your firm is considering the purchase of a new office phone system. You can either pay $ 3 1 , 5 0 0 now, or
Your firm is considering the purchase of a new office phone system. You can either pay $ now, or $ per month for months.
a Suppose your firm currently borrows at a rate of per year APR with monthly compounding Which payment plan is more attractive?
b Suppose your firm currently borrows at a rate of per year APR with monthly compounding Which payment plan would be more attractive in this case?
a Suppose your firm currently borrows at a rate of per year APR with monthly compounding Which payment plan is more attractive?
The present value of the monthly cash flows is $
Round to the nearest cent.
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