Jonas recently purchased a one-year membership at Gold's Gym. He can add a second year to the
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Jonas recently purchased a one-year membership at Gold's Gym. He can add a second year to the membership now for $1215, or wait 11 months and pay the regular single-year price of $1280.
a. Which is the better economic alternative if money is worth 8.5%?
b. At what rate would the two alternatives be economically equivalent?
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a If he waits to pay the 1280 in 11 months from now that opti...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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