Armin was able to develop a new weapon that could efficiently eliminate a Titan. Because of his need for immediate money to support his other projects, he decided to put the newly developed weapon for sale. Mr. Reiss offers 4.5M payable 1M downpayment, and the balance payable P250,000 semi-annually for 7 years. Ms. Hange made a
Armin was able to develop a new weapon that could efficiently eliminate a Titan. Because of his need for immediate money to support his other projects, he decided to put the newly developed weapon for sale. Mr. Reiss offers 4.5M payable 1M downpayment, and the balance payable P250,000 semi-annually for 7 years. Ms. Hange made a
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Armin was able to develop a new weapon that could efficiently eliminate a Titan. Because of his need for immediate money to support his other projects, he decided to put the newly developed weapon for sale. Mr. Reiss offers 4.5M payable 1M downpayment, and the balance payable P250,000 semi-annually for 7 years. Ms. Hange made a counter-offer of P5,000,000 payable 20% downpayment, the rest payable in P500,000 annually for 8 years. If money is 10% effective, how much is the difference between the two bids? Who made the better offer?
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