Question: You can settle a debt with either a single payment now of ($30,000) or with payments of ($8,000) at the end of each of the

You can settle a debt with either a single payment now of $$30,000$ or with payments of $$8,000$ at the end of each of the next five years. If money is worth 10%, what is the relative advantage of the most attractive alternative? If money is worth 12%, would your answer change? Why?

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