You can buy a building for $155,000 cash, or for payments of $80,000 now, $50,000 in one year, and $50,000 in two years. Which option is better for you, if money is worth 16% compounded semiannually for the first year and 16.5% compounded quarterly for the second year.

Answer rating: 100% (QA)

We have to calculate present value of both option than select best option ... View the full answer