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Your firm is considering the purchase of a new office phone system.

01 / 10 / 2021 Research Papers

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Your firm is considering the purchase of a new office phone system. You can either pay $32,000 now, 1 answer below » Your firm is considering the purchase of a new office phone system. You can either pay $32,000 now, or $1000 per month for 36 months. Suppose your firm currently borrows at a rate of 6% per year (APR with monthly com- pounding). Which payment plan is more attractive? Suppose your firm currently borrows at a rate of 18% per year (APR with monthly com- pounding). Which payment plan would be more attractive in this case? Sep 17 2015 01:46 PM



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