You want to buy a new laptop computer and have obtained pricing information from two major retailer&
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You want to buy a new laptop computer and have obtained pricing information from two major retailer& Retailer A is offering a "no money down no interest" event You would pay $162.50 at the end of each month for the next 12 months. To purchase the same laptop from Retailer B, you will pay $500 today, and an additional $72.50 at the end of each month for the next 18 months. Which alternative is economically preferable if money is worth 6% compounded monthly? In current dollars, how much will you save by selecting the preferred alternative?
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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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