The manager at sherwin -williams store has decided to, Ask an Expert

Economics

The manager at Sherwin -Williams store has decided to purchase a new $30,000 paint-mixing with hi-tech instrumentation for matching color and other components. The machine may be paid for in one of two ways:

(1) pay the full price now, less a 3 percent discount, or

(2) pay $5,000 now, $8,000 one year from now, and $6,000 at the end of each of the next 4 years. If interest is 12 percent compunded annually, determine the best way for the manager to make the purchase.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9466775

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