Question: Your truck has a market value of 60 000 You can
Your truck has a market value of $60,000. You can sell it to your brother who agreed to buy it now and pay $75,000 three years from now, or you can sell it to your cousin who agreed to pay you $65,000 at the end of the year. To whom should you sell the truck if your cost of capital is 8 percent?
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