You are selling a residential building lot. Mr. Seebach is offering $195,000 cash. Mrs. Chan is offering

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You are selling a residential building lot. Mr. Seebach is offering $195,000 cash. Mrs. Chan is offering $100,000 down and payments of $6250 at the end of each calendar quarter for the next four years. Which offer should you accept if you use a discount rate of 5% compounded quarterly? In current dollars, how much more is the better offer worth to you?

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