Question: A developer is given the following two options for the purchase of a property: a. Pay $100,000 b. Pay $30,000 at the end of each

A developer is given the following two options for the purchase of a property:

a. Pay $100,000

b. Pay $30,000 at the end of each year, starting one year after purchase, for the next five years.

Which option should he take?

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