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Category > Business & Finance Posted 03 Aug 2017 My Price 12.00

Comparison of Alternatives On January

Comparison of Alternatives On January 1, 2010, Chen Yu’s Office Supply Store plans to remodel the store and install new display cases. Chen has the following options of payment. Chen’s interest rate is 8%.
a. Pay $270,000 on January 1, 2010.
b. Pay $294,300 on January 1, 2011.
c. Pay $334,750 on January 1, 2012.
d. Make four annual payments of $82,500 beginning on December 31, 2010. 

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Which option should he choose? 

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Status NEW Posted 03 Aug 2017 08:08 AM My Price 12.00

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