Rocky and Adrien are selling their house. Offer #1 puts $8000 down and pays the lump sum
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Question:
Rocky and Adrien are selling their house. Offer #1 puts $8000 down and pays the lump sum of $143282 in 4 months. Offer #2 puts $8000 down and pays the lump sum of $153881 in 13 months. At what rate of interest would Adrien and Rocky be indifferent to the two offers (use today as a focal date)?
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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