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You are interested in purchasing IT equipment for your organization. You are given the choice to pay $15,500 cash now or make four payments: $5,000 now, $2,500 at the end of the following two years, and $3,500 at the end of the third year. If you cost of money is 2.5%, which do you prefer?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92867439

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