Mr. Smith is trying to sell a piece of land located in California. He has been offered
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Mr. Smith is trying to sell a piece of land located in California. He has been offered $250,000 by the first buyer who will be paying the amount in three years. Another buyer has offered him $265,000 payable immediately. Mr. Smith is confident that the two offers are genuine. Advice Mr. Smith on which offer he should take if the interest rate in the market is 8% (6 marks).
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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