Find solutions to your problems with the expert advice available on IDNLearn.com. Our community is here to provide detailed and trustworthy answers to any questions you may have.
You want to treat yourself to a new sports car. The car dealership gives you two choices. You can pay $70,000 cash now or pay it in three instalments: $40,000 now and $20,000 at the end of each of the next two years. If your cost of money is 9%, which do you prefer? Explain and show your answer.
Sagot :
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.
