Question: TOPIC 2, QUESTION 25: A store offers two payment plans. You can choose an installment plan, which requires 25% down today, then 25% of the

TOPIC 2, QUESTION 25: A store offers two payment plans. You can choose an installment plan, which requires 25% down today, then 25% of the purchase price at the beginning of the next 3 years. Or you can pay the bill immediately and receive a 10% discount. a. which is a better deal, assuming the approriate discount rate is 5%? b. How would your answer changes if the payments on the installment plan do not start until the end of the year

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