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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 27
Solve this application problems. Round to the nearest cent.
SELLING A RESTAURANT Anna Stanley has two offers for her pizza business. The first (a) offer is a cash payment of $85,000, and the second is a down payment of $25,000 with (b) payments of $3500 at the end of each quarter for 5 years. (a) Identify the better offer assuming 8% compounded quarterly. ____________ (b) Find the difference in the present values. ____________
SELLING A RESTAURANT Anna Stanley has two offers for her pizza business. The first (a) offer is a cash payment of $85,000, and the second is a down payment of $25,000 with (b) payments of $3500 at the end of each quarter for 5 years. (a) Identify the better offer assuming 8% compounded quarterly. ____________ (b) Find the difference in the present values. ____________
Explanation
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a)Consider the annuity.
The following t...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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