Mathematics, 08.11.2019 02:31 Angela122
Abusiness wants to buy a parcel of land in order to expand its operations. the owner of the land offers two purchase options: buy the land today for $100,000, or buy the land in five equal payments of $22,000 where the payments are due a year apart and the first payment is due immediately. the chief financial officer for the business determines that money set aside for the purchase of the land can be invested and earn 5.4% interest annually. which purchase option is the better deal for the business? explain.
Answers: 1
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Abusiness wants to buy a parcel of land in order to expand its operations. the owner of the land off...
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