Mathematics, 20.05.2021 16:50 mmm119

Joe is negotiating the purchase of a sound system for his DJ business. He can either pay $200 now or pay $100 now and $2200 in 18 months. Which option is better if money is worth 8%

compounded monthly?

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Joe is negotiating the purchase of a sound system for his DJ business. He can either pay $200 now o...

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