Mr. Wanjau offers to pay Amani Furniture's either Ksh 1 million in four yearly instalments of...
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Mr. Wanjau offers to pay Amani Furniture's either Ksh 1 million in four yearly instalments of Ksh 250,000 each starting now or simply paying then a lumpsum amount of Ksh 920,000 now .Assuming a 6% interest rate compounded continuously which option should Amani Furniture's choose? (7 mks) Mr. Wanjau offers to pay Amani Furniture's either Ksh 1 million in four yearly instalments of Ksh 250,000 each starting now or simply paying then a lumpsum amount of Ksh 920,000 now .Assuming a 6% interest rate compounded continuously which option should Amani Furniture's choose? (7 mks)
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There were two options 1 Four yearly installments of 250000 2 Lump Sum ... View the full answer
Related Book For
Intermediate Financial Management
ISBN: 978-1111530266
11th edition
Authors: Eugene F. Brigham, Phillip R. Daves
Posted Date:
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