A good-deal broker offers you the follow- ing good-deal. If you give him $200 at the end
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A "good-deal broker" offers you the follow- ing "good-deal." If you give him $200 at the end of each year for the next 20 years he will give you $21,000 at the end of 20 years. a) If money is worth 15% per year to you, is this a good deal? b) How much should he give you at the end of 20 years for you to be indifferent?
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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