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Home Q & A Board Science-Related Homework Help Mathematics
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simmiie259 simmiie259
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A year ago
Donnelly Excavating has received two offers on a used backhoe that Donnelly is advertising for sale. Offer 1 is for $10,000 down, $15,000 in six months, and $15,000 in 18 months. Offer 2 is for $8000 down plus two $17,500 payments one and two years from now. a) What is the economic value of each offer today if money is worth 5.25% compounded semiannually?


b) Which offer should be accepted?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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kewell_10kewell_10
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A year ago
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You make an excellent tutor!
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