Question: CHAPTER 2, PROBLEM 1 - MODELS AND MODEL BUILDING We have acquired new furniture for the office. The invoice for $6,000 offers two ways to

CHAPTER 2, PROBLEM 1 - MODELS AND MODEL BUILDING

We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire amount by September 1, or we can pay $3,060 by September 1 and $3,000 by January 1.

How does our decision depend on the interest rate at which we can invest our funds?

*This needs an Excel file with model along with explanation*

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