selling their house. Offer #1 puts $8094 down and pays the lump sum $140010 in 3 months. Offer #2 puts $8094 down and pays the lump sum $178520 in 13 months. Assume their money can earn 4% simple interest if invested. What is the larger

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Rocky and Adrien are selling their house. Offer #1 puts $8094 down and pays the lump sum $140010 in 3 months. Offer #2 puts $8094 down and pays the lump sum $178520 in 13 months. Assume their money can earn 4% simple interest if invested. What is the larger amount of money worth today (use today as a focal date)?

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