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April 25, 2015

Homework Help: value of money

Posted by nmh on Friday, July 8, 2011 at 2:56pm.

Suppose you had three different offers for your used car. One person will give you $1,000 right now, another offers $1,200 six months from now and the other offers $1,600 two years from now. If interest is 16% compounded quarterly, which offer is worth the most.

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