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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 38
Solve this application problems. Round to the nearest cent.
GROCERY STORE Adolf Hegman has two offers for his Canadian grocery company. The first offer is a cash payment of $540,000, and the second is a down payment of $240,000 with payments of $65,000 at the end of each semiannual period for 4 years. (a) Identify the better offer assuming 10% compounded semiannually. ____________ (b) Find the difference in the present values. ____________
GROCERY STORE Adolf Hegman has two offers for his Canadian grocery company. The first offer is a cash payment of $540,000, and the second is a down payment of $240,000 with payments of $65,000 at the end of each semiannual period for 4 years. (a) Identify the better offer assuming 10% compounded semiannually. ____________ (b) Find the difference in the present values. ____________
Explanation
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Verified
a)Consider the annuity.
The following t...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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