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Business, 26.10.2020 16:40 acervantes29

A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a discount of 10% from the purchase price. Assume the product sells for $100. a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 5 percent.

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A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purcha...
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